Consumer bureau sues Capital One for 'cheating' customers on savings account interest
- The Consumer Financial Protection Bureau is suing Capital One for misleading consumers about savings account interest rates and cheating them out of more than $2 billion in interest.
- Capital One allegedly failed to notify 360 savings account holders of a newer option and marketed the two products similarly.
- CFPB Director Rohit Chopra stated, "CFPB is suing Capital One for cheating families out of billions of dollars on their savings accounts."
- Capital One expressed disappointment over the lawsuit, stating it is deeply disappointed to see the CFPB continue its recent pattern of filing eleventh hour lawsuits.
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Total News Sources0
Leaning Left19Leaning Right10Center57Last UpdatedBias Distribution66% Center
Bias Distribution
- 66% of the sources are Center
66% Center
L 22%
C 66%
12%
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