Capital One is under fire for offering paltry savings account rates to current customers. Here’s what you need to know.

Capital One, the ninth largest bank in the US, marketed its 360 Savings account as having one of the highest annual ...

The Consumer Financial Protection Bureau (CFPB) announced today it’s suing Capital One for “cheating millions of consumers” who held its flagship 360 Savings account out of more than $2 ...

The Consumer Financial Protection Bureau sued Capital One (COF) on Tuesday for allegedly “cheating” people out of billions of dollars in interest payments on savings accounts. The regulator ...

The federal government is suing Captial One, accusing the banking giant of deceiving consumers and withholding more than $2 ...

alleging the bank misled some of its customers by not paying them the rate it advertises on its main savings account. The lawsuit relates to a change Capital One made in the era of low rates ...

Between December 2020 and August 2024, the CFPB alleged Capital One kept the Savings 360 interest rate fixed at 0.3 percent. While interest rates were near zero during the pandemic, the Federal ...

The U.S. Consumer Financial Protection Bureau alleges that McLean, Virginia-based Capital One advertised its 360 Savings account as “high interest” from 2013 to 2019, but from December 2020 to ...

Capital One was sued by the Consumer Financial Protection Bureau for allegedly misleading consumers about its offerings for high-interest savings accounts. As a result, customers lost more than $2 ...

The Consumer Financial Protection Bureau alleged the bank misled some of its customers by not paying them the rate it ...

The CFPB lawsuit says Capital One was "cheating families" the last two years by paying savers on a dated product an interest rate of 0.3% — even as it paid 4.35% to others in newer savings accounts.