The U.S. Consumer Financial Protection Bureau is suing Capital One, claiming the company cheated customers out of $2 billion by misleading them.

US-based bank Capital One is facing legal proceedings from the US Consumer Financial Protection Bureau (CFPB) for ‘cheating’ consumers of more than $2bn in interest payments on savings accounts. The ...

The Consumer Financial Protection Bureau alleged the bank misled some of its customers by not paying them the rate it ...

The banking giant added that it was "deeply disappointed to see the CFPB continue its recent pattern of filing eleventh-hour lawsuits ahead of a change in administration." Capital One also ...

On January 14, 2025, the federal government sued Capital One, accusing it of deceptive practices related to its “360 Savings” ...

“The CFPB is suing Capital One for cheating families out of billions ... CFPB continue its recent pattern of filing eleventh hour lawsuits ahead of a change in administration.

The CFPB lawsuit, filed Tuesday in the U.S. District Court for the Eastern District of Virginia, comes some two months after the $486 billion-asset Capital One (NYSE: COF) disclosed that it had ...

Federal regulators said in a lawsuit on Tuesday that the giant bank deliberately underpaid savings account interest, even as rates rose. By Rob Copeland The advertisement from Capital One had many ...

Capital One is under fire for offering paltry savings account rates to current customers. Here’s what you need to know.

The CFPB's lawsuit asserts that Capital One failed to adequately inform 360 Savings account holders about the more profitable “360 Performance Savings” account. This lack of transparency is ...

According to the lawsuit, Capital One prohibited employees from proactively telling 360 Savings account holders about 360 Performance Savings. The CFPB’s lawsuit alleges: Capital One violated ...