CFPB Sues Capital One for Cheating Consumers Out of More …
2 days 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 allegedly cheated customers out of $2 billion in ... - CBS News
1 day 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%.
Capital One accused of ‘cheating millions of customers’ out ... - CNN
1 day 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 accused of owing members $2 billion, U.S. watchdog …
20 hours 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 ...
CFPB sues Capital One alleging it cheated customers out of over …
1 day 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 sued by US watchdog alleging bank ... - Associated Press News
1 day 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.
Capital One Is Accused of Cheating Customers Out of $2 Billion
1 day 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
1 day 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 Sued by US CFPB for Avoiding Billions in ... - U.S. News
2 days 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 sued by CFPB for allegedly cheating customers out …
7 hours ago · The CFPB said Capital One stopped offering 360 Savings to new customers when it introduced 360 Performance Savings, which now yields 3.8% annually, according to the bank's website.
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