Capital One sued by CFPB over its high-yield savings accounts
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 percent to 4.25 percent between April 2022 and January 2024.
The Consumer Financial Protection Bureau has filed suit against Capital One for allegedly misleading customers about its high ...
The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
Capital One is being sued by the US government’s consumer watchdog agency for “cheating millions of consumers” and not paying ...
Despite its relatively low interest rate, the CFPB alleged, the 360 Savings account was advertised as a high-interest savings ...
Despite promoting 360 Savings as an account with a high interest rate, the CFPB alleges the bank kept it low for years.
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