February 8, 2025

Capital One cheated customers out of $2 billion by keeping deposits in lower-yield accounts, CFPB says

 Capital One cheated customers out of $2 billion by keeping deposits in lower-yield accounts, CFPB says

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.