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 it was suing Capital One for "cheating" customers out of more than $2 billion in interest.
The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
The bank experienced a “technical issue” with a third-party vendor this week, impacting some account services like deposits and payment processing.
The CFPB sued Capital One this week, accusing it of "cheating" customers out of interest payments.
Capital One is under fire for offering paltry savings account rates to current customers. Here’s what you need to know.
Federal regulators said in a lawsuit on Tuesday that the giant bank deliberately underpaid savings account interest, even as rates rose.
The Consumer Financial Protection Bureau accused the bank of “cheating” customers out of more than $2 billion by misleading them about interest rates.
The Consumer Financial Protection Bureau is suing Capital One, which it says kept customers in the dark about higher-yielding savings accounts.
"Guess I'll be eating ramen again tonight," tweets one customer on third day of issues linked to a data-center power outage.
An outage affecting Capital One customers dragged into its second day Friday, further preventing some customers from accessing deposits, payments and transfers. In an afternoon statement, the bank said it was still restoring systems that had been taken offline due to a technical issue with a third-party vendor.
Capital One Financial Corp. misled customers when it rolled out a new savings account with a higher interest rate it didn’t also give to existing savings accounts, the Consumer Financial Protection Bureau said Tuesday in a lawsuit against the bank.