Capital One allegedly cheated customers out of $2 billion in ... - CBS News
12 hours ago · According to disclosures on the Capital One's website, 360 Savings accounts currently carry an interest rate of just under 0.50%. 360 Performance Savings accounts have an interest rate of about 3.74%.
CFPB Sues Capital One for Cheating Consumers Out of More …
1 day ago · Capital One did not specifically notify 360 Savings accountholders about the new product, and instead worked to keep them in the dark about these better-paying accounts. The CFPB alleges that Capital One obscured the new product from its 360 Savings accountholders and cost millions of consumers more than $2 billion in lost interest payments.
Capital One accused of ‘cheating millions of customers’ out ... - CNN
20 hours ago · The Consumer Financial Protection Bureau (CFPB) accuses Capital One of freezing the interest rates of its flagship “360 Savings” accounts at low levels despite rates rising nationwide and said ...
Capital One sued by US watchdog alleging bank ... - Associated Press News
15 hours ago · The CFPB alleges that Capital One kept the rate for its 360 Savings accounts at 0.30% between December 2020 through at least August 2024. The rate for 360 Performance Savings, by contrast, climbed from 0.40% in April 2022 to as high as 4.35% at the start of 2024 — falling slightly to 4.25% by August, the agency noted Tuesday.
CFPB sues Capital One alleging it cheated customers out of over …
18 hours ago · However, the interest rates of the two options were substantially different, according to the CFPB. Capital One increased the 360 Performance Savings interest rate from 0.4% in April 2022 to 4.35% ...
Capital One Is Accused of Cheating Customers Out of $2 Billion
19 hours ago · For years, Capital One held interests artificially low in the high-yield product, to 0.30 percent annually last summer, for instance, even as the Federal Reserve raised rates above 5 percent.
Capital One sued by CFPB over its high-yield savings accounts
14 hours ago · The CFPB said Capital One lowered and froze its 360 Savings account’s APY to 0.30 percent from late 2019 to mid-2024, while it increased the new 360 Performance Savings account’s APY from 0.40 ...
Capital One accused of owing members $2 billion, U.S. watchdog …
1 hour ago · Capital One accused of owing members $2 billion, U.S. watchdog alleges The CFPB claims Capital One intentionally kept news of its higher-yield savings accounts from members with lower-yield ...
Capital One sued by US CFPB for avoiding billions in interest …
22 hours ago · The CFPB also said Capital One kept 360 Savings depositors in the dark when in 2019 it launched the 360 Performance Savings account, which was identical except for carrying a substantially higher ...
Capital One stole $2 billion by keeping customers in lower-yield ...
18 hours 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 ...
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