The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.

Despite its relatively low interest rate, the CFPB alleged, the 360 Savings account was advertised as a high-interest savings ...

The Consumer Financial Protection Bureau alleged Tuesday the bank obscured an account from customers that paid a rate 14 ...

We strongly disagree with their claims and will vigorously defend ourselves in court.”Capital One stock rose 1.7% on ...

Despite promoting 360 Savings as an account with a high interest rate, the CFPB alleges the bank kept it low for years.

"Capital One faces US CFPB lawsuit over $2bn in unpaid interest" was originally created and published by Retail Banker ...

Capital One is being sued by the US government’s consumer watchdog agency for “cheating millions of consumers” and not paying ...

The CFPB said Capital One lowered and froze its 360 Savings account’s APY to 0.30 percent from late 2019 to mid-2024, while ...

Capital One Financial Corp. misled customers when it rolled out a new savings account with a higher interest rate it didn’t ...

The Consumer Financial Protection Bureau accused the bank of “cheating” customers out of more than $2 billion by misleading ...

The CFPB claims Capital One intentionally kept news of its higher-yield savings accounts from members with lower-yield ...

Federal regulators said in a lawsuit on Tuesday that the giant bank deliberately underpaid savings account interest, even as ...