Tuesday's lawsuit seeks civil fines ... of filing eleventh-hour lawsuits ahead of a change in administration," Capital One said in a statement. "We strongly disagree with their claims and will ...
Capital One was sued on Tuesday by the US Consumer Financial Protection Bureau, which accused the bank of illegally cheating customers who held its flagship “high interest” savings account out ...
A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts — and “cheating” customers out of more than $2 billion in lost interest p ...
In the lawsuit, the U.S. government’s consumer watchdog agency accused Capital One of freezing its 360 Savings account’s annual percentage yield (APY) at a low level as rates rose nationwide ...
The lawsuit relates to a change Capital One made in the era of low rates, which The Wall Street Journal previously reported on.
In a research note, TD Cowen analyst Jaret Seiberg said the CFPB lawsuit should not affect Capital One's proposed $35.3-billion purchase of credit-card rival Discover Financial Services (DFS.N ...
Capital One Financial is being sued by the Consumer Financial Protection Bureau, which has accused the bank of illegally misleading millions of consumers, keeping them from receiving 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 Consumer Financial Protection Bureau will have to declare whether its lawsuit over Capital One Financial Corp.’s savings ...
(RTTNews) - The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Capital One, N.A., and its parent holding company, Capital One Financial Corp., alleging that the company ...
A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts — and “cheating” customers out of more than $2 billion in lost ...