Capital One Financial Corporation (COF)
Capital One accused of cheating customers out of $2 billion in new lawsuit
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.
CFPB Sues Capital One Over Interest Payments. Why You Should Track Your Savings Account APY
The bank offered two similarly named savings accounts with wildly different interest rates.
Capital One accused of ‘cheating' customers out of $2 billion
The Consumer Financial Protection Bureau is suing Capital One for ‘cheating' customers out of $2 billion in interest. Transcript: CONWAY GITTENS: It was a choppy session on Tuesday as investors tried to guess what's next.
Capital One sued by feds for allegedly cheating customers out of billions in interest payments
The complaint says 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.
Capital One took $2 billion by keeping customers in lower-yield accounts: Feds
The Consumer Financial Protection Bureau sues financial firm for keeping customers in the dark about a higher-yielding savings accounts
Capital One Is Sued by CFPB Over Savings Accounts. The Stock Shrugs.
The Consumer Financial Protection Bureau is accusing the bank of illegally misleading millions of customers about its savings accounts.
CFPB Sues Capital One, Alleging Misleading Promotion of ‘Highest' Rates
The Consumer Financial Protection Bureau (CFPB) sued Capital One Tuesday (Jan. 14), alleging that the bank promoted one savings account as offering one of the nation's “highest” interest rates at the same time it offered another one that paid out rates that were as much as 14 times higher.
Capital One (COF) Reports Next Week: Wall Street Expects Earnings Growth
Capital One (COF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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. The agency said the banking giant used deceptive marketing to obscure differences in interest rates between two of its savings-account options.
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.
U.S. Accuses Capital One Of ‘Cheating' Savings Account Holders Out Of $2 Billion In Interests
Financial regulators on Tuesday accused Capital One of “cheating” millions of customers of more than $2 billion in interest by freezing the rate on their accounts even as rates soared nationwide.
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 avoiding the payment of more than $2 billion in interest to consumers who held its flagship "high interest" savings account.
