The CFPB accused Capital One of marketing its "360 Savings" accounts as offering some of the nation's highest interest rates but froze those rates while competitors' rates climbed. Simultaneously ...

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

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 ...

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

"Capital One faces US CFPB lawsuit over $2bn in unpaid interest" was originally created and published by Retail Banker International, a GlobalData owned brand.

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

Capital One is under fire for offering paltry savings account rates to current customers. Here’s what you need to know.

Despite promoting 360 Savings as an account that provides one of nation’s highest interest rates, the CFPB alleges that Capital One froze its rate at a low level for at least several years, even as ...

The Consumer Financial Protection Bureau filed a lawsuit Tuesday against Capital One, accusing the bank of withholding $2 billion in interest from customers by steering them into lower-yield savings ...

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

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 at a low level while ...

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 ...