Capital One accused of ‘cheating’ customers out of $2 billion
CONWAY GITTENS: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today.
Capitol One sued by U.S. for allegedly 'cheating' customers out of billions in interest payments
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.
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 sued by US watchdog alleging bank cheated customers out of $2 billion
A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts — and “cheating” customers out of more than $2 billion in lost interest payments as a result.
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.
U.S. Accuses Capital One Of ‘Cheating’ Savings Account Holders Out Of $2 Billion In Interest
The bank misled its customers after promising a new savings account with a higher interest rate not already provided to existing accounts, regulators said.
last updated on 15 Jan 07:02