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 ...
Despite its relatively low interest rate, the CFPB alleged, the 360 Savings account was advertised as a high-interest savings ...
The Consumer Financial Protection Bureau alleged Tuesday the bank obscured an account from customers that paid a rate 14 ...
The U.S. Consumer Financial Protection Bureau is suing Capital One, claiming the company cheated customers out of $2 billion ...
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 ...
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 ...
"Capital One faces US CFPB lawsuit over $2bn in unpaid interest" was originally created and published by Retail Banker ...