CFPB Sues Capital One for Cheating Consumers Out of More Than …

Jan 14, 2025 · The CFPB sued Capital One for cheating millions of consumers out of more than $2 billion in interest.

CouponFollow Extension

$2
OFF

CFPB Sues Capital One For Cheating Consumers Out Of More Than …

3 weeks from now

Jan 14, 2025 · The CFPB sued Capital One for cheating millions of consumers out of more than $2 billion in interest.

consumerfinance.gov

$2
OFF

Capital One Sued By US Watchdog Alleging Bank Cheated …

3 weeks from now

Jan 14, 2025 · A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts — and “cheating” customers out of more than $2 …

apnews.com

$2
OFF

Capital One Accused Of ‘cheating Millions Of Customers’ Out ... - CNN

3 weeks from now

Jan 14, 2025 · Capital One is being sued by the US government’s consumer watchdog agency for “cheating millions of consumers” and not paying more than $2 billion in interest to holders of its …

cnn.com

$2
OFF

Capital One Sued By CFPB For Allegedly Cheating Customers Out Of …

3 weeks from now

Jan 15, 2025 · The U.S. Consumer Financial Protection Bureau (CFPB) is suing Capital One, claiming the company cheated customers out of $2 billion by misleading them.

foxbusiness.com

$2
OFF

Capital One Sued By CFPB Alleging Bank Cheated Customers Out Of …

3 weeks from now

Jan 15, 2025 · A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts — and “cheating” customers out of more than $2 …

fortune.com

$2
OFF

CFPB Sues Capital One Over $2B In Unpaid Interest To Customers

3 weeks from now

Jan 14, 2025 · The Consumer Financial Protection Bureau sued Capital One on Tuesday, alleging the bank misled consumers about a savings account product and worked to keep them in the …

bankingdive.com

$480
OFF

Capital One, National Association, And Capital One Financial ...

3 weeks from now

On January 14, 2025, 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.

consumerfinance.gov

$2
OFF

CFPB Sues Capital One Over Alleged $2 Billion In Lost Interest For ...

3 weeks from now

Jan 14, 2025 · Capital One Financial Corporation (NYSE:COF) is facing a lawsuit filed by the Consumer Financial Protection Bureau (CFPB), which accuses the bank of cheating millions of …

yahoo.com

$2
OFF

CFPB Sues Capital One For "cheating Customers" Out Of $2 ... - Axios

3 weeks from now

Jan 14, 2025 · Capital One misled customers about their savings account interest rates, "cheating" them out of over $2 billion in interest, the Consumer Financial Protection Bureau …

axios.com

$2
OFF

Capital One Sued By CFPB For Allegedly Cheating Customers Out …

3 weeks from now

Jan 14, 2025 · The CFPB alleges that Capital One obscured the new product from its 360 Savings accountholders and cost millions of consumers more than $2 billion in lost interest payments.

businessinsider.com

$2
OFF

Capital One Sued By US Watchdog Alleging Bank Cheated …

3 weeks from now

Jan 15, 2025 · A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts - and "cheating" customers out of more than $2 …

abc7news.com

$2
OFF

Capital One Cheated Customers Out Of $2 Billion By Keeping …

3 weeks from now

Jan 15, 2025 · The Consumer Financial Protection Bureau is suing Capital One, which it says kept customers in the dark about higher-yielding savings accounts.

marketwatch.com

$2
OFF

CFPB Sues Capital One For 'cheating' Millions Of Customers Out Of …

3 weeks from now

Capital One misled customers about their savings account interest rates, "cheating" them out of over $2 billion in interest, the Consumer Financial Protection Bureau alleged in a Tuesday …

msn.com

$2
OFF

CFPB Sues Capital One Over Deceptive Interest Rates

3 weeks from now

Jan 14, 2025 · WASHINGTON, D.C. – The U.S. Consumer Financial Protection Bureau (CFPB) today sued Capital One alleging that it cheated millions of consumers out of more than $2 …

citizen.org

$2
OFF

How Changes At The CFPB Could Impact Consumers - Consumer …

3 weeks from now

1 day ago · In mid-January 2025, the CFPB filed a federal lawsuit in Virginia against Capital One, alleging the bank cheated its customers out of an estimated $2 billion, by misleading them …

consumerreports.org

$2
OFF

Capital One Faces US CFPB Lawsuit Over $2bn In Unpaid Interest

3 weeks from now

Jan 15, 2025 · US-based bank Capital One is facing legal proceedings from the US Consumer Financial Protection Bureau (CFPB) for ‘cheating’ consumers of more than $2bn in interest …

retailbankerinternational.com

$2
OFF

Capital One Cheated Customers Out Of Billions, Says Lawsuit

3 weeks from now

Jan 15, 2025 · As Capital One benefits from strong growth, it is now facing a lawsuit from the Consumer Financial Protection Bureau, or CFPB, for allegedly “cheating” customers out of $2 …

thestreet.com

FAQs about CFPB Sues Capital One for Cheating Consumers Out of More Than … Coupon?

Why is Capital One suing the CFPB?

But Capital One obscured the new product to prevent customers from switching, the CFPB alleged, costing consumers more than $2 billion in interest payments. “The CFPB is suing Capital One for cheating families out of billions of dollars on their savings accounts,” said CFPB Director Rohit Chopra, a nominee of President Biden. ...

Did capital one 'cheat' customers out of $2 billion?

A man walks across the street from a Capital One location in San Francisco. (AP Photo/Jeff Chiu, File) NEW YORK (AP) — A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts — and “cheating” customers out of more than $2 billion in lost interest payments as a result. ...

Will Capital One face CFPB action?

Capital One had warned in October that it might face CFPB action related to the savings product in question. Customers have filed a class-action lawsuit against Capital One over the account offering, saying the bank led them to believe they were receiving a higher percentage yield than they actually were. ...

Where did CFPB file a complaint against Capital One?

The CFPB’s complaint was filed Tuesday in the U.S. District Court for the Eastern District of Virginia. At issue is a savings account offering that stemmed from Capital One’s acquisition of ING Direct USA in 2012. ...

Did Capital One violate CFPA?

The Bureau alleges that by misrepresenting the interest rate for the 360 Savings product, Capital One violated the Consumer Financial Protection Act of 2010’s (CFPA) prohibition on deceptive acts and practices; and Capital One, N.A. violated the Truth in Savings Act and Regulation DD. ...

Did Capital One miss out on $2 billion in interest payments?

The federal government's consumer watchdog claims Capital One's practices meant millions of customers missed out on a collective $2 billion they could have made in interest payments. The Capital One corporate headquarters complex in McLean, Va. (J. David Ake/Getty Images/File) ...