In July 2011, the Consumer Financial Protection Bureau (CFPB), officially entered service as a federal agency to investigate complaints about credit cards. Since then, it has expanded to ...

There were 361 complaints about reverse mortgages submitted to the CFPB in 2023, a number that dropped to 298 in 2024 There were a total of 298 consumer complaints submitted to the Consumer ...

Recently, the CFPB released the complaint that it filed against a peer-to-peer payment service (P2P) and three large banks, alleging widespread fraud on the P2P platform. The Bureau filed the ...

On January 7, the CFPB filed a complaint against a consumer reporting agency, alleging violations of the FCRA and the CFPA’s prohibition on unfair acts or practices. The complaint alleges the ...

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.

In a complaint filed Tuesday, the Consumer Financial Protection Bureau took aim at Capital One's promises and handling of its "360 Savings" accounts, which were promoted as accounts providing one ...

In contrast, from April 2022 to August 2024, Capital One raised the interest rate on the Performance accounts from 0.40 percent to 4.25 percent, the CFPB states in the complaint. “The CFPB is ...

Both lawsuits allege that the CFPB does not have the statutory authority to issue the rule under the plain text of the Federal Credit Reporting Act. But the debt collectors' complaint goes further, ...

A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts — and “cheating” customers out of more than $2 billion in lost ...

When Capital One launched 360 Performance Savings in September 2019, the company set the product’s interest rate at 1.90%, while the 360 Savings product’s interest rate was 1%, according to the CFPB ...