CFPB Sues Capital One for Cheating Consumers Out of More Than …
Jan 14, 2025 · The CFPB alleges that Capital One schemed to keep 360 Savings accountholders in their lower-yielding accounts by obscuring 360 Performance Savings’ existence as a distinct …
Capital One accused of owing members $2 billion, U.S. watchdog …
Jan 15, 2025 · The agency alleges the bank "schemed" for members to keep their lower-yield 360 Savings accounts open by freezing their interest rates, giving the lower- and higher-yield …
Capital One Faces Lawsuit Over Savings Account Practices
Lack of Transparency: Capital One replaced references to the 360 Savings account with the 360 Performance Savings account on its website, giving the impression that the accounts were the …
Capital One sued by US watchdog alleging bank ... - Associated Press News
Jan 14, 2025 · The CFPB alleges that Capital One kept the rate for its 360 Savings accounts at 0.30% between December 2020 through at least August 2024. The rate for 360 Performance …
Capital One allegedly swindled savings account holders out of …
Jan 17, 2025 · The CFPB claims that Capital One used two similarly named products, 360 Savings and 360 Performance Savings, to create a two-tier system where existing savings …
Capital One allegedly cheated customers out of $2 billion in ... - CBS News
Jan 14, 2025 · According to disclosures on the Capital One's website, 360 Savings accounts currently carry an interest rate of just under 0.50%. 360 Performance Savings accounts have …
Capital One sued by CFPB over its high-yield savings accounts
Jan 15, 2025 · Capital One violated the Truth in Savings Act by describing its 360 Savings account’s interest rate as one of the nation’s “top” and “highest,” and that it would earn much …
Capital One savings account lawsuit: What you need to know
Jan 17, 2025 · CFPB lawsuit alleges $2B in lost interest. Check your account now.
CFPB Sues Capital One Over Alleged $2 Billion In Lost ... - Benzinga
Jan 14, 2025 · In a statement, the CFPB claims that Capital One falsely advertised its “ 360 Savings ” account as offering one of the best interest rates in the nation, only to freeze the rate …
Consumer bureau sues Capital One for ‘cheating’ customers on savings …
Jan 14, 2025 · The Consumer Financial Protection Bureau (CFPB) accused the banking giant of freezing interest rates for its 360 Savings account at low levels as rates rose, despite …