The CFPB accused Capital One of marketing its "360 Savings" accounts as offering some of the nation's highest interest rates but froze those rates while competitors' rates climbed. Simultaneously ...

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 announced Tuesday that it was suing Capital One for misleading consumers about their savings account interest rates and “cheating” them out of more ...

The U.S. Consumer Financial Protection Bureau is suing Capital One, claiming the company cheated customers out of $2 billion by misleading them.

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

On January 14, 2025, the federal government sued Capital One, accusing it of deceptive practices related to its “360 Savings” ...

Despite promoting 360 Savings as an account that provides one of nation’s highest interest rates, the CFPB alleges that Capital One froze its rate at a low level for at least several years, even as ...

However, the CFPB said that from 2019 to mid-2024 the bank “lowered and then froze the ’360 Savings’ account rate to just 0.30%, even as rates increased nationwide.”Around that time ...

A federal watchdog has sued Capital One. The watchdog has accused the major bank of fraud, thus cheating customers out of ...

However, the interest rates of the two options were substantially different, according to the CFPB. Capital One increased the ...

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