The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.

The Consumer Financial Protection Bureau is suing Capital One for allegedly misleading customers about its high-yield savings account options and cheating them out of close to $2 billion in interest.

In a complaint filed Tuesday, the Consumer Financial Protection Bureau took aim at Capital One’s promises and handling of its “360 Savings” accounts. Despite promoting 360 Savings as an account that ...

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

The Consumer Financial Protection Bureau accused the bank of “cheating” customers out of more than $2 billion by misleading ...

Capital One Financial Corp. misled customers when it rolled out a new savings account with a higher interest rate it didn’t also give to existing savings accounts, the Consumer Financial Protection ...

The Consumer Financial Protection Bureau alleged Tuesday the bank obscured an account from customers that paid a rate 14 ...

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

This is a valuable feature for those looking to avoid surprise charges. The Capital One 360 Performance Savings Account™ is among the best savings accounts, offering a 3.80% annual percentage ...

The CFPB claims that Capital One used two similarly named products, 360 Savings and 360 Performance Savings, to create a two-tier system where existing savings account customers were purposely ...

The Consumer Financial Protection Bureau (CFPB) has filed a $2 billion lawsuit against Capital One, alleging that the bank deceived millions of consumers with their savings account offerings.