Capital One took $2 billion by keeping customers in lower-yield accounts: Feds
The Consumer Financial Protection Bureau sues financial firm for keeping customers in the dark about a higher-yielding ...
Afternoon Briefing: Capital One accused of cheating customers out of $2 billion
Banks are generally permitted to pay as little in interest as their customers will permit, but Capital One went too far, ...
Capital One Is Sued by CFPB Over Savings Accounts. The Stock Shrugs.
We strongly disagree with their claims and will vigorously defend ourselves in court.”Capital One stock rose 1.7% on ...
CFPB sues Capital One for 'cheating' customers out of over $2 billion in interest
Despite its relatively low interest rate, the CFPB alleged, the 360 Savings account was advertised as a high-interest savings ...
Why Did Capital One Stock Rise 36% In The Last Year?
Capital One (NYSE: COF) stock has fared well, rising by about 36% since early 2024. This compares to the S&P 500 which ...
Capital One Is Accused of Cheating Customers Out of $2 Billion
Federal regulators said in a lawsuit on Tuesday that the giant bank deliberately underpaid savings account interest, even as ...
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CFPB sues Capital One over high-yield savings accounts
The bank didn't give some existing customers the higher rates it was offering new customers, the agency alleged. The bank ...
What's In Your Wallet? Suit Alleges It May Be Less Than Capital One Suggested
If you had a savings account at Capital One between 2019 and mid-2024, you may have been misled into accepting a lower return on your deposits than the marketing suggested, according to a lawsuit ...
Capital One sued for cheating consumers out of interest rate payments
The CFPB accuses Capital One of freezing interest rates on its "360 Savings" accounts, costing consumers over $2 billion ...
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Capital One sued for 'cheating' customers out of more than $2 billion, CFPB alleges
Capital One has been sued by the Consumer Financial Protection Bureau (CFPB) for allegedly "cheating" millions of customers ...
Capital One sued by feds for allegedly cheating customers out of billions in interest payments
The complaint says Capital One promised depositors that their 360 Savings account provided one of the nation’s “top,” “best” and “highest” interest rates, ...