CFPB Sues Capital One for Cheating Consumers Out of More …
Jan 14, 2025 · – Today, the Consumer Financial Protection Bureau (CFPB) sued Capital One, N.A., and its parent holding company, Capital One Financial Corp., for cheating millions of consumers out of more than $2 billion in interest.
Capital One, National Association, and Capital One Financial ...
Jan 14, 2025 · The Bureau alleges that by misrepresenting the interest rate for the 360 Savings product, Capital One violated the Consumer Financial Protection Act of 2010’s (CFPA) prohibition on deceptive acts and practices; and Capital One, N.A. violated the Truth in …
Capital One accused of ‘cheating millions of customers’ out ... - CNN
Jan 14, 2025 · The Consumer Financial Protection Bureau (CFPB) accuses Capital One of freezing the interest rates of its flagship “360 Savings” accounts at low levels despite rates rising nationwide and...
By failing to fulfill the consumer expectations it created, Capital One violated the CFPA’s prohibition on deceptive and abusive acts and practices, TISA, and Regulation DD. The Bureau thus brings this action to halt the Bank’s illegal conduct, provide redress to
Capital One allegedly cheated customers out of $2 billion in …
Jan 14, 2025 · Capital One was sued by the Consumer Financial Protection Bureau for allegedly misleading consumers about its offerings for high-interest savings accounts. As a result, customers lost...
Capital One sued by CFPB for allegedly cheating customers out of …
Jan 15, 2025 · The Consumer Financial Protection Bureau (CFPB) is suing Capital One, alleging the bank illegally misled customers by not notifying them of account options that paid higher interest rates.
CFPB sues Capital One for 'cheating' customers out of over $2 …
Jan 14, 2025 · The Consumer Financial Protection Bureau announced it was suing Capital One for "cheating" customers out of more than $2 billion in interest. The agency said the banking giant used...
Capital One accused of owing members $2 billion, U.S. watchdog …
Jan 15, 2025 · The consumer bureau, a federal agency responsible for consumer protection in the finance sector, alleges Capital One marketed its 360 Savings account as having some of the best interest rates in ...
CFPB sues Capital One over $2B in unpaid interest to customers
Jan 14, 2025 · The Consumer Financial Protection Bureau sued Capital One on Tuesday, alleging the bank misled consumers about a savings account product and worked to keep them in the dark. In doing so, the McLean, Virginia-based bank “cheat[ed] millions of consumers out of more than $2 billion in interest,” the agency said in a release. “Banks should ...
Capital One stole $2 billion by keeping customers in lower-yield ...
Jan 15, 2025 · Capital One Financial Corp. allegedly cheated customers out of $2 billion by keeping them in the dark about a savings program offering higher interest rates on their deposits, the Consumer...
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