Capital One, CFPB

Capital One Is Sued by CFPB. Why It Won’t Affect Discover Acquisition.
We strongly disagree with their claims and will vigorously defend ourselves in court.”Capital One stock rose 1.7% on Tuesday.Last fall, the company presented a $35 billion bid to buy Discover Financial Services that is now working its way through the regulatory approval process.
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.
Consumer bureau sues Capital One for ‘cheating’ customers on savings account interest
The government’s consumer watchdog on Tuesday sued Capital One for alleging “cheating” customers out of billions in interest payments. The Consumer Financial Protection Bureau (CFPB) accused the
Capital One Kept $2B In Savings Account Interest From Banking Customers, Cfpb Suit Says
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 Protection Bureau (CFPB) filed a
CFPB Sues Capital One Over Interest Payments. Why You Should Track Your Savings Account APY
The Consumer Financial Protection Bureau is suing Capital One for allegedly misleading customers about its high-yield savings account options and cheating them out of close to $2 billion in interest.
Capital One Sued by CFPB Over Its Savings Accounts
The Consumer Financial Protection Bureau alleged the bank misled some of its customers by not paying them the rate it advertises on its main savings account.
U.S. Accuses Capital One Of ‘Cheating’ Savings Account Holders Out Of $2 Billion In Interests
The bank misled its customers after promising a new savings account with a higher interest rate not already provided to existing accounts, regulators said.
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 ...
Hoodline18h
CFPB Report Reveals Surge in Buy Now, Pay Later Loans Among Consumers with Lower Credit Scores
CFPB insights reveal increase in Buy Now, Pay Later loans, especially among consumers with lower credit scores.
NerdWallet20h
What Is the Consumer Financial Protection Bureau?
The Consumer Financial Protection Bureau, or CFPB, is a government agency that oversees the consumer finance industry, ...
State Bank Watchdogs Empowered by CFPB Guidance, Agency Says
Banks and other companies hoping to escape guidance from the Consumer Financial Protection Bureau once President-elect Donald ...
American Banker1d
Most BNPL loans made to subprime borrowers: CFPB
The Consumer Financial Protection Bureau's research found that the majority of buy now/pay later users are subprime borrowers ...
JD Supra19h
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 ...
ConsumerAffairs22h
Current flood maps aren't accurately predicting disaster risk, CFPB finds
The Consumer Financial Protection Bureau (CFPB) released a new report showing differences in how likely homeowners with ...