The U.S. Consumer Financial Protection Bureau is suing Capital One, claiming the company cheated customers out of $2 billion by misleading them.

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 ...

The Consumer Financial Protection Bureau alleged the bank misled some of its customers by not paying them the rate it ...

"Capital One faces US CFPB lawsuit over $2bn in unpaid interest" was originally created and published by Retail Banker International, a GlobalData owned brand.

The CFPB sued Capital One this week, accusing it of "cheating" customers out of interest payments.

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

FOX Business reached out to Capital One for comment. It’s the latest blow to the financial institution, which is being sued ...

Capital One is under fire for offering paltry savings account rates to current customers. Here’s what you need to know.

But instead, the CFPB alleges, Capital One froze its rate at a low level for at least several years, even as rates rose nationally. At the same time, the CFPB adds, the bank created "360 Performance ...

However, the interest rates of the two options were substantially different, according to the CFPB. Capital One increased the ...