A top federal agency may pursue enforcement action against Capital One over alleged misrepresentations related to its savings accounts, the consumer lender disclosed in a filing, opens new tab late on Thursday.

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Reuters

United Kingdom

Capital One warns of potential enforcement action over savings accounts

Customers sued over interest rates for similarly-named accounts.

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The probe comes as the company is awaiting regulatory approvals for its $35.3 billion acquisition of Discover Financial Services.

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Gannett

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Capital One warns of potential CFPB enforcement action over its savings accounts

(Reuters) –     A top federal agency may pursue enforcement action against Capital One over alleged misrepresentations related to its savings accounts, the consumer lender disclosed in a filing late on Thursday.  The company is responding to a letter the Consumer Financial Protection Bureau (CFPB) sent it earlier this month. The agency may also pursue litigation, Capital One warned. At the center of the controversy is a lawsuit filed by some cus…

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Capital One warns of potential CFPB enforcement action over its savings accounts - Blue Water Healthy Living

Investing.com

Capital One warns of potential CFPB enforcement action over its savings accounts 

A TOP federal agency may pursue enforcement action against Capital One over alleged misrepresentations related to its savings accounts, the consumer lender disclosed in a filing late on Thursday (Oct 31).

Business Times

The bureau notified the lender last month it’s considering action after customers sued Capital One, claiming it never told savings account holders they could get a higher yield if they switched to another product.

Capital One warns of potential enforcement action over savings accounts

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