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Capital 1 Accused of Misleading Customers on Savings Rates
CFPB sues Capital One, alleges it misled consumers on savings rates
The Consumer Financial Protection Bureau announced it was suing Capital One for “cheating” customers out of more than $2 billion in interest.
Capital One Sued by CFPB Over Its Savings Accounts
The Consumer Financial Protection Bureau alleged the bank misled some of its customers by not paying them the rate it advertises on its main savings account.
Capital One Accused of Misleading Customers on Savings Rates
Capital One Financial Corp. misled customers when it rolled out a new savings account with a higher interest rate it didn’t also give to existing savings accounts, the Consumer Financial Protection Bureau said Tuesday in a lawsuit against the bank.
Capital One Sued by US CFPB for Avoiding Billions in Interest Payments
In a complaint filed in the Alexandria, Virginia federal court, the CFPB said Capital One promised depositors that their 360 Savings account provided one of the nation's "top," "best" and "highest" interest rates, but froze their rate at just 0.30% even as deposit rates rose nationwide.
1h
on MSN
Capital One accused of ‘cheating millions of customers’ out of interest rate payments
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 high-interest savings ...
Hosted on MSN
18h
New CFPB regulation removes medical debt from credit reports, easing financial burden
In a groundbreaking move, the Consumer Financial Protection Bureau (CFPB) has approved a regulation that will exclude medical ...
4h
Capital One is sued by US regulator for avoiding billions in interest payments
Capital One was sued on Tuesday by the U.S. Consumer Financial Protection Bureau, which accused the bank of illegally ...
1d
No magic ‘wand’ for the GOP in scrapping consumer rules
A flurry of recent actions by the Consumer Financial Protection Bureau has left Republicans seething about “midnight ...
JD Supra
21h
Consumer Financial Protection Bureau Pursues Action to Stop Kickback to Brokerages for Steering Consumers to Rocket Mortgage
The Consumer Financial Protection Bureau (“CFPB”) filed an action on December 23, 2024, against Rocket Home Real Estate LLC (“Rocket Homes”), a ...
Hoodline
2d
CFPB Sues Experian Accusing Credit Reporting Agency of 'Sham Investigations' in Consumer Dispute Process
The CFPB has sued Experian, claiming the company failed to properly investigate consumer credit report disputes.
6d
on MSN
Experian credit bureau sued for allegedly failing to properly probe consumer complaints
Experian was sued by the Consumer Financial Protection Bureau, which accused the Costa Mesa-based credit bureau of failing to ...
CoinDesk
3d
Biden's Consumer Watchdog Pushes for Last-Minute Stablecoin Rule
The Consumer Financial Protection Bureau proposed a crypto rule just days before Donald Trump takes the White House and can ...
JD Supra
22h
Mark Your Calendars: 2025 Compliance Dates for Key Consumer and Small Business Financial Services Regulations
One of the primary challenges with working in the U.S. financial services space is keeping up with the ever-changing federal and state ...
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