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Capital One, CFPB
Capital One allegedly cheated customers out of $2 billion in interest, CFPB claims
The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
Capital One Is Sued by CFPB Over Savings Accounts. The Stock Shrugs.
We strongly disagree with their claims and will vigorously defend ourselves in court.”Capital One stock rose 1.7% on Tuesday.Last fall, the company presented a $35 billion bid to buy Discover Financial Services that is now working its way through the regulatory approval process.
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.
CNET on MSN
3h
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 ...
1d
on MSN
Billions of dollars for millions of Americans: why 'delete the CFPB' might not fly
Elon Musk, Trump’s new presidential advisor, tweeted in early November “Delete CFPB. There are too many duplicative ...
3h
State Bank Watchdogs Empowered by CFPB Guidance, Agency Says
Banks and other companies hoping to escape guidance from the Consumer Financial Protection Bureau once President-elect Donald ...
12d
Trump Should Remake The CFPB Into The Consumer Fraud Protection Bureau
The root of the CFPB’s ineffectiveness is that it believes regulation is the way to fix the banking industry’s problems. To ...
Hoodline
6h
CFPB Report Reveals Surge in Buy Now, Pay Later Loans Among Consumers with Lower Credit Scores
CFPB insights reveal increase in Buy Now, Pay Later loans, especially among consumers with lower credit scores.
NerdWallet
8h
What Is the Consumer Financial Protection Bureau?
The Consumer Financial Protection Bureau, or CFPB, is a government agency that oversees the consumer finance industry, ...
JD Supra
7h
CFPB Proposes to Include Virtual Currency Transactions Under the EFTA
The Consumer Financial Protection Bureau (CFPB) issued a proposed interpretive rule that, if finalized as written, would bring certain ...
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