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Capital 1 cheated customers out of billions, says lawsuit

Capital One sued by CFPB for allegedly cheating customers out of $2 billion

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

NBC News · 3d

CFPB sues Capital One alleging it cheated customers out of over $2 billion in interest

Despite its relatively low interest rate, the CFPB alleged, the 360 Savings account was advertised as a high-interest savings account.

bankingdive · 4d

CFPB sues Capital One over $2B in unpaid interest to customers

The agency accused Capital One of obscuring a new, higher-paying savings product from some legacy savings account holders. The bank said it is “disappointed” with the bureau’s “eleventh hour lawsuits.

The Business Journals4d

Consumer watchdog sues Capital One for allegedly 'cheating' customers out of interest payments

The CFPB lawsuit, filed Tuesday in the U.S. District Court for the Eastern District of Virginia, comes some two months after the $486 billion-asset Capital One (NYSE: COF) disclosed that it had ...

CNN4d

Capital One accused of ‘cheating millions of customers’ out of interest rate payments

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 ...