Capitol One sued by U.S. for allegedly 'cheating' customers out of billions in interest payments

14 Jan 2025, 18:35 · UPI

Jan. 14 (UPI) -- The U.S. Consumer Financial Protection Bureau on Tuesday announced a lawsuit alleging Capital One scammed billions of dollars off its customers in interest payments while it seeks to expand its own global enterprise.

"The CFPB is suing Capital One for cheating families out of billions of dollars on their savings accounts," CFPB Director Rohit Chopra wrote Tuesday in a release.