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

The Consumer Financial Protection Bureau is suing Capital One for allegedly misleading customers about its high-yield savings account options and cheating them out of close to $2 billion in interest.

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 ...

On January 14, 2025, the federal government sued Capital One, accusing it of deceptive practices related to its “360 Savings” ...

The Consumer Financial Protection Bureau accused the bank of “cheating” customers out of more than $2 billion by misleading ...

The agency said in a statement Capital One deceived holders of its “360 Savings” account by conflating it with its newer and ...

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 ...

The government’s consumer watchdog sued Capital One on Tuesday for “cheating” customers out of billions in interest payments.

The Consumer Financial Protection Bureau alleged Tuesday the bank obscured an account from customers that paid a rate 14 ...

The federal government is suing Captial One, accusing the banking giant of deceiving consumers and withholding more than $2 ...

Capital One’s primary savings account, the Capital One 360 Performance Savings Account™, offers a highly competitive APY with no minimum deposit requirement and no monthly or maintenance fees.