CFPB Sues Capital One for Cheating Consumers Out of More …
4 days ago · – Today, the Consumer Financial Protection Bureau (CFPB) sued Capital One, N.A., and its parent holding company, Capital One Financial Corp., for cheating millions of consumers out of more than $2 billion in interest. The CFPB alleges that Capital One promised consumers that its flagship “360 Savings” account provided one of the nation ...
Capital One, National Association, and Capital One Financial ...
4 days ago · 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 …
Capital One allegedly cheated customers out of $2 billion in …
3 days ago · Capital One was sued by the Consumer Financial Protection Bureau for allegedly misleading consumers about its offerings for high-interest savings accounts. As a result, customers lost more than $2 ...
Capital One sued by US watchdog alleging bank cheated …
3 days ago · In a complaint filed Tuesday, the Consumer Financial Protection Bureau took aim at Capital One’s promises and handling of its “360 Savings” accounts. Despite promoting 360 Savings as an account that provides one of nation’s highest interest rates, the CFPB alleges that Capital One froze its rate at a low level for at least several years ...
Capital One accused of ‘cheating millions of customers’ out ... - CNN
4 days ago · 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 ...
One, National Association (CONA) and Capital One Financial Corporation (COFC) (collectively with CONA, Capital One or the Bank ) under Sections 1031, 1036, 1054, and 1055 of the Consumer Financial Protection Act of 2010 (CFPA), 12 U.S.C. §§ 5531, 5536, 5564, and 5565;
Capital One accused of owing members $2 billion, U.S. watchdog …
2 days ago · The consumer bureau, a federal agency responsible for consumer protection in the finance sector, alleges Capital One marketed its 360 Savings account as having some of the best interest rates in ...
CFPB sues Capital One alleging it cheated customers out of over …
3 days ago · The Consumer Financial Protection Bureau ... The bureau said Capital One aimed to keep 360 Savings users in the dark about the higher-yield option by replacing all references to the account with ...
Capital One stole $2 billion by keeping customers in lower-yield ...
3 days ago · Capital One cheated customers out of $2 billion by keeping deposits in lower-yield accounts, CFPB says Consumer Financial Protection Bureau sues financial firm for keeping customers in the dark ...
Capitol One sued by CFBP for allegedly 'cheating' customers out …
4 days ago · The U.S. Consumer Financial Protection Bureau announced Tuesday a lawsuit alleging Capital One scammed billions of dollars off its customers in interest payments as it seeks to expand its global ...
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