Capital One (COF) , one of the largest banks in the U.S. with over 100 million customers, recently saw a boost in profits.
The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
The Consumer Financial Protection Bureau took aim at Capital One's promises and handling of its '360 Savings' accounts.
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 alleged Tuesday the bank obscured an account from customers that paid a rate 14 ...
The lawsuit claims that Capital One misled consumers about the interest rates on its 360 Savings accounts from 2013 to 2019.
Capital One, the ninth largest bank in the US, marketed its 360 Savings account as having one of the highest annual percentage yields, the CFPB said in a statement Tuesday. However, after ...
Tuesday’s lawsuit seeks civil fines ... its 360 accounts all offer great rates. The CFPB said Capital One stopped offering 360 Savings to new customers when it introduced 360 Performance ...
The CFPB sued Capital One this week, accusing it of "cheating" customers out of interest payments.