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,
The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
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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 ...
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