"Capital One faces US CFPB lawsuit over $2bn in unpaid interest" was originally created and published by Retail Banker ...

The CFPB said Capital One lowered and froze its 360 Savings account’s APY to 0.30 percent from late 2019 to mid-2024, while ...

Capital One, the ninth largest bank in the US, marketed its 360 Savings account as having one of the highest annual ...

Despite its relatively low interest rate, the CFPB alleged, the 360 Savings account was advertised as a high-interest savings ...

The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.

Capital One was sued on Tuesday by the U.S. Consumer Financial Protection Bureau, which accused the bank of illegally ...

The federal government is suing Captial One, accusing the banking giant of deceiving consumers and withholding more than $2 billion in interest payments on savings accounts. The Consumer Financial ...

However, the interest rates of the two options were substantially different, according to the CFPB. Capital One increased the ...

The CFPB has filed a lawsuit against Capital One, alleging it misled consumers and caused over $2 billion in lost interest ...

Capital One promised very high interest rates on millions of savings accounts but the bank didn't deliver, losing customers ...