CFPB Sues Capital One for Cheating Consumers Out of More …
4 days ago · The CFPB alleges that Capital One promised consumers that its flagship “360 Savings” account provided one of the nation’s “best” and “highest” interest rates, but the bank froze the interest rate at a low level while rates rose nationwide. Around the same time, Capital One created a virtually identical product, “360 Performance ...
Capital One, National Association, and Capital One Financial ...
4 days ago · On January 14, 2024, the Bureau filed a lawsuit against Capital One, N.A., a national bank with over $480 billion in assets, and its parent holding company, Capital One Financial Corp. Skip to main content ... CFPB Sues Capital One for Cheating Consumers Out of More Than $2 Billion in Interest Payments on Savings Accounts. Action Details Forum
Capital One accused of ‘cheating millions of customers’ out ... - CNN
3 days ago · The Consumer Financial Protection Bureau (CFPB) accuses Capital One of freezing the interest rates of its flagship “360 Savings” accounts at low levels despite rates rising nationwide and said ...
Capital One accused of owing members $2 billion, U.S. watchdog …
2 days ago · Capital One didn't immediately respond to a query from NPR, but in a statement provided to The Associated Press, it said it is "deeply disappointed to see the CFPB continue its recent pattern of ...
Capital One allegedly cheated customers out of $2 billion in …
3 days ago · 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 an interest rate of about 3.74%.
CFPB sues Capital One alleging it cheated customers out of over …
3 days ago · 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% ...
Capital One sued by US watchdog alleging bank cheated …
3 days ago · 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 Savings, by contrast, climbed from 0.40% in April 2022 to as high as 4.35% at the start of 2024 — falling slightly to 4.25% by August, the agency noted Tuesday. ...
Capital One Is Accused of Cheating Customers Out of $2 Billion
3 days ago · For years, Capital One held interests artificially low in the high-yield product, to 0.30 percent annually last summer, for instance, even as the Federal Reserve raised rates above 5 percent.
Capital One Bank - Consumer Financial Protection Bureau
Jul 18, 2012 · Capital One Bank This action results from a CFPB examination that identified deceptive marketing tactics used by Capital One’s vendors to pressure or mislead consumers into paying for “add-on products” such as payment protection and credit monitoring when they activated their credit cards.
Capital One sued by US CFPB for avoiding billions in interest …
3 days ago · The CFPB also said Capital One kept 360 Savings depositors in the dark when in 2019 it launched the 360 Performance Savings account, which was identical except for carrying a substantially higher ...
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