Capital One is under fire for offering paltry savings account rates to current customers. Here’s what you need to know.
Capital One messed with certain saving accounts to confuse customers, costing them $2 billion, according to federal ...
On January 14, 2025, the federal government sued Capital One, accusing it of deceptive practices related to its “360 Savings” ...
The agency said in a statement Capital One deceived holders of its “360 Savings” account by conflating it with its newer and ...
The Consumer Financial Protection Bureau has filed suit against Capital One for allegedly misleading customers about its high ...
The Associated Press on MSN13d
Capital One sued by watchdog that says bank cheated customers out of $2 billionDespite promoting 360 Savings as an account with a high interest rate, the CFPB alleges the bank kept it low for years.
The agency said in a statement Capital One deceived holders of its “360 Savings” account by conflating it with its newer and higher-yield savings account option, the “360 Performance Savings ...
It said Capital One created a nearly identical product, called 360 Performance Savings, that paid out significantly more in interest — more than 14 times the 360 Savings rate at one point.
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CFPB: Capital One Cheated 360 Savings Customers On InterestThe CFPB accused Capital One of marketing its "360 Savings" accounts as offering some of the nation's highest interest rates but froze those rates while competitors' rates climbed. Simultaneously ...
The U.S. Consumer Financial Protection Bureau is suing Capital One, claiming the company cheated customers out of $2 billion ...
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