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CFPB, Capital One
Capital One allegedly cheated customers out of $2 billion in interest, CFPB claims
The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
CFPB sues Capital One alleging it cheated customers out of over $2 billion in interest
Despite its relatively low interest rate, the CFPB alleged, the 360 Savings account was advertised as a high-interest savings account.
CFPB sues Capital One for 'cheating' millions of customers out of $2 billion plus in interest
Capital One misled customers about their savings account interest rates, "cheating" them out of over $2 billion in interest, the Consumer Financial Protection Bureau alleged in a Tuesday lawsuit. Why it matters: The agency alleged that millions of customers are affected.
15h
Lawsuit claims Capital One kept savings rates low while advertising 'top' and 'best' returns
The lawsuit claims that Capital One misled consumers about the interest rates on its 360 Savings accounts from 2013 to 2019.
American Banker
12d
CFPB's lawsuits against banks: Five cases to watch in 2025
The Consumer Financial Protection Bureau has sued some of the largest U.S. corporations and banks before the changeover to ...
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Capital One
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