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Capital 1 Cheated 360 Savings Customers On Interest

Maine Public · 35m

U.S. watchdog sues Capital One, alleging bank cheated customers out of $2 billion

The CFPB claims Capital One intentionally kept news of its higher-yield savings accounts from members with lower-yield savings accounts.

Hosted on MSN · 2h

CFPB: Capital One Cheated 360 Savings Customers On Interest

The federal government is suing Captial One, accusing the banking giant of deceiving consumers and withholding more than $2 billion in interest payments on savings accounts. The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Capital One and its parent company,

The Associated Press on MSN · 17h

Capital One kept interest payments low on ‘high-interest’ savings accounts, regulators claim

In response, Capital One said that it strongly disagreed with the CFPB’s allegations and plans to “vigorously defend” itself in court. The banking giant added that it was “deeply disappointed to see the CFPB continue its recent pattern of filing eleventh-hour lawsuits ahead of a change in administration.”

17h

Capital One accused of hiding lower rates in savings accounts scheme

The lawsuit claims that Capital One misled consumers about the interest rates on its 360 Savings accounts from 2013 to 2019.

2h

Capital One faces US CFPB lawsuit over $2bn in unpaid interest

"Capital One faces US CFPB lawsuit over $2bn in unpaid interest" was originally created and published by Retail Banker ...

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