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.
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CFPB Sues Capital One Over Interest Payments. Why You Should Track Your Savings Account APYThe Consumer Financial Protection Bureau is suing Capital One for allegedly misleading customers about its high-yield savings ...
The Consumer Financial Protection Bureau alleged Tuesday the bank obscured an account from customers that paid a rate 14 ...
Capital One Financial Corp. misled customers when it rolled out a new savings account with a higher interest rate it didn’t ...
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In response, Capital One said that it strongly disagreed with the CFPB’s allegations and plans to “vigorously defend” itself ...
The lawsuit claims that Capital One misled consumers about the interest rates on its 360 Savings accounts from 2013 to 2019.
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The CFPB sued Capital One this week for "cheating" customers out of interest payments.
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