Capital One, CFPB

CFPB sues Capital One for 'cheating' customers out of over $2 billion in interest
Despite its relatively low interest rate, the CFPB alleged, the 360 Savings account was advertised as a high-interest savings account.
CFPB Sues Capital One Over Interest Payments. Why You Should Track Your Savings Account APY
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 launching its 360 Performance Savings account in 2019, Capital One lowered and froze the account's savings APY, the CFPB said.
Consumer watchdog sues Capital One for allegedly 'cheating' customers out of interest payments
Capital One is defending itself from the CFPB's claims that it cheated customers out of billions of dollars in interest payments.
Capital One sued by US watchdog alleging bank cheated customers out of $2 billion
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 payments as a result.
What's In Your Wallet? Likely Less Money, If You Saved With Capital One, CFPB Suit Alleges
Key Takeaways Capital One lowered and froze interest rates on its popular "360 Savings" account while raising interest rates on the similarly-named "360 Performance Savings" account, the Consumer Financial Protection Bureau said in a lawsuit filed Tuesday.
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Consumer protection board sues Walmart and fintech firm over gig-worker driver pay access
Comerica has denied the charges and is countersuing the CFPB. The agency also announced four separate rules, including one limiting bank overdraft fees that was immediately challenged by the ...
USA Today19d
Consumer Financial Protection Bureau sues big banks over 'widespread' fraud on Zelle app
CFPB sues JPMorgan, Bank of America, and Wells Fargo over Zelle Banks failed to protect consumers, CFPB alleges Lawsuit driven by political factors, says Zelle's parent The U.S. Consumer ...
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CFPB sues JPMorgan Chase, Bank of America and Wells Fargo over Zelle payment fraud
In fact, JPMorgan said in August that it was considering litigation against the CFPB if the regulator sought to punish the bank for its role in the Zelle network. The CFPB wants to force banks ...
Capital One sued by US CFPB for avoiding billions in interest payments
Capital One was sued on Tuesday by the U.S. Consumer Financial Protection Bureau, which accused the bank of illegally ...
Yahoo Finance26d
CFPB Sues JPMorgan, Bank of America Over Alleged Zelle Fraud
A Zelle spokesperson said the CFPB’s lawsuit is legally and factually flawed while a representative for JPMorgan called them “a last-ditch effort in pursuit of their political agenda.” Bank ...