The U.S. Consumer Financial Protection Bureau is suing Capital One, claiming the company cheated customers out of $2 billion ...
The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
The Consumer Financial Protection Bureau alleged the bank misled some of its customers by not paying them the rate it ...
The agency accused Capital One of obscuring a new, higher-paying savings product from some legacy savings account holders.
However, the interest rates of the two options were substantially different, according to the CFPB. Capital One increased the ...
Capital One is probably best known for its pithy commercials featuring Jennifer Garner asking, "What's in your wallet." ...
The bank didn't give some existing customers the higher rates it was offering new customers, the agency alleged. The bank ...
CFPB says Capital One cheated account holders out of $2.0 billion in interest. The bank holding company denies its ...
Capital One Financial Corporation (NYSE:COF) is facing a lawsuit filed by the Consumer Financial Protection Bureau (CFPB), ...
The federal government is suing Captial One, accusing the banking giant of deceiving consumers and withholding more than $2 ...
The CFPB lawsuit, filed Tuesday in the U.S. District Court for the Eastern District of Virginia, comes some two months after the $486 billion-asset Capital One (NYSE: COF) disclosed that it had ...
In July, for example, the CFPB alleges, the Performance Savings rate was more than 14 times that of the original 360 Savings accounts. But Capital One kept existing customers in the original ...