The U.S. Consumer Financial Protection Bureau is suing Capital One, claiming the company cheated customers out of $2 billion ...
The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
Despite promoting 360 Savings as an account with a high interest rate, the CFPB alleges the bank kept it low for years.
Capital One was sued on Tuesday by the U.S. Consumer Financial Protection Bureau, which accused the bank of illegally ...
Despite its relatively low interest rate, the CFPB alleged, the 360 Savings account was advertised as a high-interest savings ...
“Capital One did not specifically notify 360 Savings accountholders about the new product, and instead worked to keep them in ...
The bank didn't give some existing customers the higher rates it was offering new customers, the agency alleged. The bank ...
Capital One is probably best known for its pithy commercials featuring Jennifer Garner asking, "What's in your wallet." ...
The agency accused Capital One of obscuring a new, higher-paying savings product from some legacy savings account holders.