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“The CFPB is suing Capital One for cheating families out of billions of dollars on their savings accounts,” said CFPB Director Rohit Chopra in arelease. “Banks should not be baiting people with promises they can’t live up to.”
Capital One said in a statement that it’s “deeply disappointed to see the CFPB continue its recent pattern of filing eleventh hour lawsuits ahead of a change in administration.”
“We strongly disagree with their claims and will vigorously defend ourselves in court,” a Capital One spokesperson said, adding that the new account was “marketed widely, including on national television, with the simplest and most transparent terms in the industry.”
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cesc limited (500084) sees unusual trading volume ✌️【Asset Manager】✌️ Precise stock market trend predictions with free real-time quotes for India, US, and European stocks. Whether you're looking for short-term gains or long-term growth, our expert advice ensures you make the best investment choices. Around that time, a new, “360 Performance Savings” account was launched that increased rates from 0.40% in 2022 to 4.35% in January 2024.
cesc limited (500084) sees unusual trading volume ✌️【Asset Manager】✌️ Professional investment advisors provide up-to-the-minute market data, helping you analyze stock trends and select high-potential stocks. Achieve capital growth with well-researched strategies based on expert insights. The CFPB stated that Capital One “schemed to keep ’360 Savings’ accountholders in their lower-yielding accounts by obscuring ‘360 Performance Savings’’ existence as a distinct product with a higher rate from ‘360 Savings’ accountholders.”
cesc limited (500084) sees unusual trading volume ✌️【Asset Manager】✌️ Free stock selection services backed by expert predictions. Our advanced analytics and real-time market data will help you stay ahead of the competition and make smart, profitable investment decisions. The agency said the lawsuit seeks to stop the bank’s “unlawful conduct, provide redress for harmed consumers, and impose civil money penalties.”
cesc limited (500084) sees unusual trading volume ✌️【Asset Manager】✌️ Expert market predictions, real-time updates, and personalized investment advice designed to help you succeed. Seize the best investment opportunities in global stocks, metals, and energy markets. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Access to Stock Community 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.
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