CFPB Sues Capital One for Cheating Consumers Out of More Than …
Jan 14, 2025 · The CFPB alleges that Capital One schemed to keep 360 Savings accountholders in their lower-yielding accounts by obscuring 360 Performance Savings’ existence as a distinct …
Capital One sued by US watchdog alleging bank cheated …
Jan 14, 2025 · A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts — and “cheating” customers out of more than $2 …
Capital One allegedly cheated customers out of $2 billion in ... - CBS News
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, …
CFPB sues Capital One for 'cheating' customers out of over ... - NBC News
Jan 14, 2025 · Despite its relatively low interest rate, the CFPB alleged, the 360 Savings account was advertised as a high-interest savings account.
Capital One 360 Savings Account Investigation - robinskaplan.com
The lawsuit claims Capital One froze interest rates on its “360 Savings” accounts at low levels while creating a nearly identical “360 Performance Savings” account with significantly higher …
Capital One accused of owing members $2 billion, U.S. watchdog …
Jan 15, 2025 · The agency alleges the bank "schemed" for members to keep their lower-yield 360 Savings accounts open by freezing their interest rates, giving the lower- and higher-yield …
Capital One sued by CFPB over its high-yield savings accounts
Jan 15, 2025 · Capital One violated the Truth in Savings Act by describing its 360 Savings account’s interest rate as one of the nation’s “top” and “highest,” and that it would earn much …
Lawsuit: Capital One Cheated Customers Out of $2B - Newsmax
Jan 15, 2025 · A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts — and “cheating" customers out of more than $2 …
U.S. watchdog sues Capital One, alleging bank cheated customers …
Jan 15, 2025 · The agency alleges the bank "schemed" for members to keep their lower-yield 360 Savings accounts open by freezing their interest rates, giving the lower- and higher-yield …
Capital One Accused of Cheating Savings Account Holders Out of …
At the same time, Capital One introduced a nearly identical product, the "360 Performance Savings" account, which offered substantially higher interest rates—at one point, more than 14 …