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Capital 1 Cheated 360 Savings Customers On Interest
CFPB Sues Capital One Over Interest Payments. Why You Should Track Your Savings Account APY
The Consumer Financial Protection Bureau is suing Capital One for allegedly misleading customers about its high-yield savings account options and cheating them out of close to $2 billion in interest.
CFPB sues Capital One alleging it cheated 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 account.
CFPB Sues Capital One, Alleging $2 Billion in Lost Savings for Customers
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Capital One, accusing the bank of misleading customers and denying them more than $2 billion in interest. The federal agency alleges that Capital One failed to inform holders of its 360 Savings account about a higher-yield product,
22h
on MSN
Capital One allegedly cheated customers out of $2 billion in interest, CFPB claims
The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
Hosted on MSN
1d
Capital One Sued by CFPB Over Its Savings Accounts
“Capital One did not specifically notify
360
Savings
accountholders about the new product, and instead worked to keep ...
1d
on MSN
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 ...
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