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

The Consumer Financial Protection Bureau announced Tuesday that it was suing Capital One for misleading consumers about their savings account interest rates and “cheating” them out of more ...

The Consumer Financial Protection Bureau (CFPB) is suing Capital One, alleging the bank illegally misled customers by not notifying them of account options that paid higher interest rates.

It's been a tough week for Capital One, with a lawsuit and system outage hitting back-to-back as other big US banks enjoy positive headlines around stellar fourth-quarter earnings. On Tuesday, the ...

Capital One had a major service outage last week that left many without access to their accounts. Now, it also faces a ...

"The CFPB is suing Capital One for cheating families out of billions of dollars on their savings accounts," Rohit Chopra, the agency's director, said in a statement. "Banks should not be baiting ...

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

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

According to the CFPB, Capital One deliberately kept existing 360 Savings customers unaware of the new, higher-yielding account to maintain a “two-tier” system, leaving millions of account ...