Capital One sued by CFPB for allegedly cheating customers out of $2 billion
The Consumer Financial Protection Bureau (CFPB) is suing Capital One, alleging the bank illegally misled customers by not notifying them of account options that paid higher interest rates.The federal government's consumer watchdog claims Capital One's practices meant millions of customers missed out on a collective $2 billion they could have made in interest payments.
Capital One is having a tough week
It's been a tough week for Capital One, with a lawsuit and system outage hitting back-to-back as other big US banks enjoy positive headlines around stellar fourth-quarter earnings. On Tuesday, the Consumer Financial Protection Bureau sued the bank,
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 cheated customers out of $2 billion by keeping deposits in lower-yield accounts, CFPB says
The Consumer Financial Protection Bureau is suing Capital One, which it says kept customers in the dark about higher-yielding savings accounts.
Capital One's technical woes worsen, with more bank accounts hit with deposit delays
"Guess I'll be eating ramen again tonight," tweets one customer on third day of issues linked to a data-center power outage.
Capital One outages delay bill payment, paycheck processing for thousands
Capital One customers faced outages that have prevented some from accessing direct deposits, paying bills and more.
Capital One Is Accused of Cheating Customers Out of $2 Billion
Federal regulators said in a lawsuit on Tuesday that the giant bank deliberately underpaid savings account interest, even as rates rose.
Capital One allegedly swindled savings account holders out of billions in interest income
Capital One is under fire for offering paltry savings account rates to current customers. Here’s what you need to know.
Capital One outage drags into second day, leaving some customers without deposit access
The sun flares over the top of the Capital One logo outside of their corporate headquarters complex on Feb. 8, 2024, in McLean, Va. An outage affecting Capital One customers dragged into its second day Friday, further preventing some customers from accessing deposits, payments and transfers.
U.S. regulator accuses Capital One of ‘cheating’ customers on interest rates
The Consumer Financial Protection Bureau accused the bank of “cheating” customers out of more than $2 billion by misleading them about interest rates.
Capital One is facing a major service outage, leaving many customers without access to their paychecks
A technical glitch at Capital One has left thousands of banking customers unable to access their bank accounts, process payments, or receive direct deposits since Wednesday, January 15. The banking giant, which serves over 100 million clients across the U.S., Canada, and the U.K., is scrambling to resolve the problem that has persisted until today.
Capital One technical issue delays payments for users: What to know
Some Capital One users were still waiting to receive deposits and payments on Friday morning after the company experienced a processing disruption.