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Capital 1 Sued by CFPB Over Its Savings Accounts
CFPB sues Capital One for 'cheating' 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.
Capital One Sued by CFPB Over Its Savings Accounts
“Capital One did not specifically notify 360 Savings accountholders about the new product, and instead worked to keep them in the dark about these better-paying accounts,” the
CFPB
said in a statement. The agency said Capital One obscured the new ...
CFPB sues Capital One over $2B in unpaid interest to customers
The agency accused Capital One of obscuring a new, higher-paying savings product from some legacy savings account holders. The bank said it is “disappointed” with the bureau’s “eleventh hour lawsuits.
31m
The CFPB Is Digging In for Last Days of Biden's Term. But What Happens Next?
There are a lot of consumers and particularly consumer advocates who think that the CFPB has done a great job. Trump held himself out to be a populist… acting, with an agenda that supports consumers,” ...
Hosted on MSN
3h
Capital One is sued by US CFPB for avoiding billions in interest payments
In a complaint filed in the Alexandria, Virginia federal court, the
CFPB
said Capital One promised customers that their 360 ...
JD Supra
29m
CFPB issues first application approval for company to issue standards for open banking
On January 8, the CFPB issued an order recognizing a company as a standard-setting body under its Personal Financial Data Rights rule, marking ...
22h
on MSN
Billions of dollars for millions of Americans: why 'delete the CFPB' might not fly
Elon Musk, Trump’s new presidential advisor, tweeted in early November “Delete CFPB. There are too many duplicative ...
4d
CFPB Seeks to Strengthen Consumer Safeguards on Digital Payments
The top US consumer financial regulator is seeking to strengthen protections for customers against excessive surveillance and ...
JD Supra
33m
CFPB Proposes to Include Virtual Currency Transactions Under the EFTA
The Consumer Financial Protection Bureau (CFPB) issued a proposed interpretive rule that, if finalized as written, would bring certain ...
6d
on MSN
CFPB sues Experian over ‘sham’ credit report investigations that harm consumers : “What more can I do?”
The consumer watchdog alleges the credit reporting giant conducted inadequate error reviews, potentially harming millions of ...
1d
No magic ‘wand’ for the GOP in scrapping consumer rules
A flurry of recent actions by the Consumer Financial Protection Bureau has left Republicans seething about “midnight ...
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Consumer Financial Protection Bureau
Capital One
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