CFPB Sues Capital One for Cheating Consumers Out of More …
1 day ago · – 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. The CFPB alleges that Capital One promised consumers that its flagship “360 Savings” account provided one of the nation ...
Capital One Is Accused of Cheating Customers Out of $2 Billion
1 day ago · The Consumer Financial Protection Bureau filed a lawsuit on Tuesday against Capital One, accusing the bank of “cheating millions of customers out of more than $2 billion in interest ...
Capital One accused of ‘cheating millions of customers’ out of …
1 day ago · 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 said ...
CFPB sues Capital One for 'cheating' customers out of over $2 …
23 hours ago · The Consumer Financial Protection Bureau ... The bureau said Capital One aimed to keep 360 Savings users in the dark about the higher-yield option by replacing all references to the account with ...
One, National Association (CONA) and Capital One Financial Corporation (COFC) (collectively with CONA, Capital One or the Bank ) under Sections 1031, 1036, 1054, and 1055 of the Consumer Financial Protection Act of 2010 (CFPA), 12 U.S.C. §§ 5531, 5536, 5564, and 5565;
Capital One Sued by US CFPB for Avoiding Billions in Interest …
1 day ago · FILE PHOTO: Signage is seen outside a Capital One Bank in Manhattan, New York, U.S., November 12, 2021. ... -Capital One was sued on Tuesday by the U.S. Consumer Financial Protection Bureau, which ...
Consumer bureau sues Capital One for ‘cheating’ customers on …
1 day ago · 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 ...
Capital One stole $2 billion by keeping customers in lower-yield ...
23 hours ago · The Consumer Financial Protection Bureau sues financial firm for keeping customers in the dark about higher-yielding savings accounts. Capital One cheated customers out of $2 billion by keeping ...
Capital One Accused of Misleading Customers on Savings Rates
1 day ago · Capital One introduced the 360 Performance Savings Account in 2019, with an interest rate that eventually rose to 4.25%. That was far higher than the 0.3% offered on the bank’s existing savings ...
Capital One Bank | Consumer Financial Protection Bureau
Jul 18, 2012 · Capital One Bank 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.