The Consumer Financial Protection Bureau is suing Capital One, which it says kept customers in the dark about higher-yielding ...

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

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

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

Despite its relatively low interest rate, the CFPB alleged, the 360 Savings account was advertised as a high-interest savings ...

In response, Capital One said that it strongly disagreed with the CFPB’s allegations and plans to “vigorously defend” itself ...

Capital One is defending itself from the CFPB's claims that it cheated customers out of billions of dollars in interest ...

The complaint says Capital One promised depositors that their 360 Savings account provided one of the nation’s “top,” “best” ...

The lawsuit claims that Capital One misled consumers about the interest rates on its 360 Savings accounts from 2013 to 2019.

Capital One froze the interest rate on 360 Savings accounts at 0.3% — lower than rates for money market and regular savings ...