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CFPB sues Capital One, alleging $2B in interest cheated from customers on savings accounts.
The Consumer Financial Protection Bureau (CFPB) has sued Capital One, accusing the bank of cheating millions of customers out of over $2 billion in interest payments on high-yield savings accounts.
The CFPB alleges that Capital One froze interest rates at 0.30% while national rates rose, and failed to inform customers about a new higher-rate account.
Capital One denies the claims and plans to defend itself in court.
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CFPB demanda a Capital One, alegando $2B en intereses engañados de clientes en cuentas de ahorro.