Capital One sued for cheating consumers out of interest rate payments
The CFPB accuses Capital One of freezing interest rates on its "360 Savings" accounts, costing consumers over $2 billion ...
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CFPB issues first application approval for company to issue standards for open banking
On January 8, the CFPB issued an order recognizing a company as a standard-setting body under its Personal Financial Data Rights rule, marking ...
JD Supra11m
CFPB Proposes to Include Virtual Currency Transactions Under the EFTA
The Consumer Financial Protection Bureau (CFPB) issued a proposed interpretive rule that, if finalized as written, would bring certain ...
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CFPB: Capital One Cheated 360 Savings Customers On Interest
The federal government is suing Captial One, accusing the banking giant of deceiving consumers and withholding more than $2 billion in interest payments on savings accounts. The Consumer Financial ...
Capital One cheated customers out of $2 billion by keeping deposits in lower-yield accounts, CFPB says
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 Financial ...
Capital One Is Sued by CFPB Over Savings Accounts. The Stock Shrugs.
We strongly disagree with their claims and will vigorously defend ourselves in court.”Capital One stock rose 1.7% on ...
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What Is the Consumer Financial Protection Bureau?
The Consumer Financial Protection Bureau, or CFPB, is a government agency that oversees the consumer finance industry, ...