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.

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

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

The federal government is suing Captial One, accusing the banking giant of deceiving consumers and withholding more than $2 ...

CFPB sues Capital One, alleging deceptive practices that resulted in over $2 billion in lost interest for millions of consumers.

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

The government’s consumer watchdog sued Capital One on Tuesday for “cheating” customers out of billions in interest payments.

On January 14, 2025, the federal government sued Capital One, accusing it of deceptive practices related to its “360 Savings” ...

At the same time, the CFPB adds, the bank created "360 Performance Savings," which had a much higher rate — at one point, more than 14 times higher than the original "360 Savings" accounts.

Capital One, the ninth largest bank in the US, marketed its 360 Savings account as having one of the highest annual percentage yields, the CFPB said in a statement Tuesday. However, after ...

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 ...

However, the interest rates of the two options were substantially different, according to the CFPB. Capital One increased the 360 Performance Savings interest rate from 0.4% in April 2022 to 4.35% ...