Capital One allegedly cheated customers out of $2 billion in interest, CFPB claims
The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
U.S. regulator accuses Capital One of ‘cheating’ customers on interest rates
The Consumer Financial Protection Bureau accused the bank of “cheating” customers out of more than $2 billion by misleading them about interest rates.
Capital One Sued by US Watchdog Alleging Bank Cheated Customers Out of $2 Billion
A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts — and “cheating” customers out of more than $2 billion in lost interest p
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 Protection Bureau (CFPB) filed a lawsuit against Capital One and its parent company,
Capital One cheated customers out of $2 billion by keeping deposits in lower-yield accounts, CFPB says
The Consumer Financial Protection Bureau is suing Capital One, which it says kept customers in the dark about higher-yielding savings accounts.
CFPB Sues Capital One Over Interest Payments. Why You Should Track Your Savings Account APY
The Consumer Financial Protection Bureau is suing Capital One for allegedly misleading customers about its high-yield savings account options and cheating them out of close to $2 billion in interest.
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CFPB’s Successor Homeowner Issue Spotlight: The Other Side of the Story
On December 17, 2024, amid a flurry of activity by the Consumer Financial Protection Bureau (CFPB), the agency released an Issue Spotlight ...
Experian Conducted ‘Sham Investigations’ Into Errors in Its Credit Reports, CFPB Alleges
The Consumer Financial Protection Bureau sued the credit reporting agency alleging that if failed to investigate or correct ...
USA Today5d
Billions of dollars for millions of Americans: why 'delete the CFPB' might not fly
Noting that the CFPB had “established an interactive webpage that permits consumers to submit complaints based on particular product groups,” she analyzed the narratives that customers had ...
American Banker6d
Debt collectors sue the CFPB for 'overreach' on medical debt
Both lawsuits allege that the CFPB does not have the statutory authority to issue the rule under the plain text of the Federal Credit Reporting Act. But the debt collectors' complaint goes further ...
CFPB sues Experian over consumer credit accuracy
Experian maintains crucial files on most American families but allegedly mishandles their complaints—damaging household ...
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Three Big Banks Sued by CFPB Over Zelle Scams
in particular has pressured the bank CEOs in public hearings and letters to address the ... criminals struck,” Rohit Chopra, the CFPB’s director, told reporters Friday. Thousands of users have ...
American Banker5d
CFPB issues new fintech sandbox and no-action letter policy
The CFPB issued separate policy statements on "sandbox approvals" and no-action letters for fintechs. Both policies are expected to be rescinded by an acting CFPB director appointed by President ...
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CFPB sues Experian over "sham investigations" into consumer complaints
Experian does not properly investigate consumer complaints of errors in credit reports ... the disputes as required by federal law," CFPB Director Rohit Chopra said in a statement.