The Consumer Financial Protection Bureau alleged the bank misled some of its customers by not paying them the rate it advertises on its main savings account.

The Consumer Financial Protection Bureau (CFPB) is suing Capital One, alleging the bank illegally misled customers by not notifying them of account options that paid higher interest rates.

But instead, the CFPB alleges, Capital One froze its rate at a low level for at least several years, even as rates rose nationally. At the same time, the CFPB adds, the bank created "360 ...

The Consumer Financial Protection Bureau announced Tuesday that it was suing Capital One for misleading consumers about their savings account interest rates and “cheating” them out of more ...

If you had a savings account at Capital One between 2019 and mid-2024, you may have been misled into accepting a lower return ...

Neither Capital One nor Discover are in financial distress leading up to the shareholder vote. Capital One topped earnings estimates for 2024’s fourth quarter, and Discover also posted strong results ...

(RTTNews) - The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Capital One, N.A., and its parent holding company, Capital One Financial Corp., alleging that the company ...

The CFPB sued Capital One this week, accusing it of "cheating" customers out of interest payments.

Capital One had a major service outage last week that left many without access to their accounts. Now, it also faces a ...

The U.S. Consumer Financial Protection Bureau is suing Capital One, claiming the company cheated customers out of $2 billion ...

However, the interest rates of the two options were substantially different, according to the CFPB. Capital One increased the ...

The Consumer Financial Protection Bureau (CFPB) announced today it’s suing Capital One for “cheating millions of consumers” who held its flagship 360 Savings account out of more than $2 ...