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Capital One, CFPB

CBS News on MSN · 4d

Capital One allegedly cheated customers out of $2 billion in interest, CFPB claims

The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.

The New York Times · 4d

Capital One Is Accused of Cheating Customers Out of $2 Billion

Federal regulators said in a lawsuit on Tuesday that the giant bank deliberately underpaid savings account interest, even as rates rose.

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.

1don MSN

Capital One lawsuit reveals how bank customers can get smart and get their money’s worth

A new lawsuit alleging that Capital One cheated savers out of larger yields is a wake-up call for people who want to wise up ...

3dOpinion

Capital One High-Yield Account Wasn’t

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions ...

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