The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
Despite promoting 360 Savings as an account with a high interest rate, the CFPB alleges the bank kept it low for years.
It's been a tough week for Capital One, with a lawsuit and system outage hitting back-to-back as other big US banks enjoy ...
The Consumer Financial Protection Bureau alleged Tuesday the bank obscured an account from customers that paid a rate 14 ...
The Consumer Financial Protection Bureau has filed suit against Capital One for allegedly misleading customers about its high ...
Despite its relatively low interest rate, the CFPB alleged, the 360 Savings account was advertised as a high-interest savings ...
This is a valuable feature for those looking to avoid surprise charges. The Capital One 360 Performance Savings Account™ is among the best savings accounts, offering a 3.80% annual ...
The scheme concerned the company’s “360 Savings” accounts, which were marketed as a high-interest product. However, Capital One later introduced the “360 Performance Savings” option ...
"Capital One faces US CFPB lawsuit over $2bn in unpaid interest" was originally created and published by Retail Banker ...