CFPB Sues Capital One for Cheating Consumers Out of More …
Jan 14, 2025 · The CFPB alleges that Capital One promised consumers that its flagship “360 Savings” account provided one of the nation’s “best” and “highest” interest rates, but the bank froze the interest rate at a low level while rates rose nationwide. Around the same time, Capital One created a virtually identical product, “360 Performance ...
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...
CFPB sues Capital One alleging it cheated customers out of over …
Jan 14, 2025 · The Consumer Financial Protection Bureau announced Tuesday that it was suing Capital One for misleading consumers about their savings account interest rates and “cheating” them out of more than...
CAPITAL ONE FINANCIAL CORPORATION and CAPITAL ONE, NATIONAL ASSOCIATION, Defendants. Case No. _____ COMPLAINT & DEMAND FOR JURY TRIAL . The Consumer Financial Protection Bureau (Bureau) brings this action against Capital ... [email protected], 681-473-3873 WESLEY B. WARD (D.C. Bar No. 90021606) Enforcement Attorney . [email protected] ...
Capital One, National Association, and Capital One Financial ...
On January 14, 2025, the Bureau filed a lawsuit against Capital One, N.A., a national bank with over $480 billion in assets, and its parent holding company, Capital One Financial Corp. Skip to main content ... CFPB Sues Capital One for Cheating Consumers Out of More Than $2 Billion in Interest Payments on Savings Accounts. Action Details Forum
CFPB Probe into Capital One Credit Card Marketing Results in …
Jul 18, 2012 · This action results from a CFPB examination that identified deceptive marketing tactics used by Capital One’s vendors to pressure or mislead consumers into paying for “add-on products” such as payment protection and credit monitoring when they activated their credit cards.
Capital One sued by US watchdog alleging bank cheated …
Jan 14, 2025 · These actions mean Capital One “illegally avoided paying billions in interest to millions of consumers,” the CFPB wrote in its Tuesday complaint. The agency says it’s seeking to impose civil penalties and provide financial relief to those impacted.
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 more than...
Capital One accused of owing members $2 billion, U.S. watchdog …
Jan 15, 2025 · Capital One didn't immediately respond to a query from NPR, but in a statement provided to The Associated Press, it said it is "deeply disappointed to see the CFPB continue its recent pattern of ...
Capital One sued by CFPB over its high-yield savings accounts
Jan 15, 2025 · The Consumer Financial Protection Bureau (CFPB) announced today it’s suing Capital One for “cheating millions of consumers” who held its flagship 360 Savings account out of more than $2...