CFPB Sues Capital One for Cheating Consumers Out of More …
Jan 14, 2025 · – 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.
Capital One, National Association, and Capital One Financial ...
Jan 14, 2025 · 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 sued by CFPB for allegedly cheating customers out of …
Jan 15, 2025 · The Consumer Financial Protection Bureau (CFPB) is suing Capital One, alleging the bank illegally misled customers by not notifying them of account options that paid higher interest rates.
Capital One Bank | Consumer Financial Protection Bureau
Jul 18, 2012 · Capital One Bank This action results from a CFPB examination that identified deceptive marketing tactics used by Capital One’s vendors to pressure or mislead consumers into paying for “add-on products” such as payment protection and credit monitoring when they activated their credit cards.
CFPB sues Capital One alleging it cheated customers out of over …
Jan 14, 2025 · The Consumer Financial Protection Bureau announced Tuesday that it was suing Capital One for misleading consumers about their savings account interest rates and “cheating” them out of more than $2...
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 allegedly cheated customers out of $2 billion in …
Jan 14, 2025 · 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 ...
Consumer bureau sues Capital One for ‘cheating’ customers on …
Jan 14, 2025 · The government’s consumer watchdog sued Capital One on Tuesday for “cheating” customers out of billions in interest payments. The Consumer Financial Protection Bureau (CFPB) accused the ...
Capital One Sued by US CFPB for Avoiding Billions in Interest …
Jan 14, 2025 · (Reuters) -Capital One was sued on Tuesday by the U.S. Consumer Financial Protection Bureau, which accused the bank of illegally cheating customers who held its flagship "high interest"...
Capital One stole $2 billion by keeping customers in lower-yield ...
Jan 15, 2025 · Capital One Financial Corp. allegedly cheated customers out of $2 billion by keeping them in the dark about a savings program offering higher interest rates on their deposits, the Consumer...