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.
Capital One is under fire for offering paltry savings account rates to current customers. Here’s what you need to know.
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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.
Capital One, the ninth largest bank in the US, marketed its 360 Savings account as having one of the highest annual percentage yields, the CFPB said in a statement Tuesday. However, after ...
Commissions do not affect our editors' opinions or evaluations. The best high-yield savings account is Capital One 360 Performance Savings Account™, earning the top rating of 5.0 stars in our ...
"Capital One faces US CFPB lawsuit over $2bn in unpaid interest" was originally created and published by Retail Banker ...
Capital One has been sued by the Consumer Financial Protection Bureau for allegedly purposefully misguiding customers on its ...
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