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indian energy exchange limited (540750) vs yyy ✌️【Yield】✌️ Free real-time global stock trend updates to help you capture market movements and make better investment decisions. Capital One is being sued by the US government’s consumer watchdog agency for “cheating millions of consumers” and not paying more than $2 billion in interest to holders of its high-interest savings accounts.

indian energy exchange limited (540750) vs yyy ✌️【Yield】✌️ Precise stock market trend analysis with expert insights into global markets, including stock indices, metals, and energy sectors. Leverage our data-driven predictions to maximize your returns. The Consumer Financial Protection Bureau (CFPB) accuses Capital One of freezing the interest rates of its flagship “360 Savings” accounts at low levels despite rates rising nationwide and said the bank launched a new account that offered better interest rates without telling “360 Savings” customers. As a result, that decision cost consumers more than $2 billion in lost interest payments.

“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.”

indian energy exchange limited (540750) vs yyy ✌️【Yield】✌️ Accurate real-time market data and expert stock predictions for profitable investment opportunities in global markets. At issue is Capital One’s marketing of the “360 Savings” account that used words as “one of the nation’s” “top,” “best,” and “highest” to describe the interest earned from it. However, the CFPB said that from 2019 to mid-2024 the bank “lowered and then froze the ’360 Savings’ account rate to just 0.30%, even as rates increased nationwide.”

indian energy exchange limited (540750) vs yyy ✌️【Yield】✌️ Expert stock predictions and free stock selection services to help you achieve optimal returns and long-term growth. 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.

indian energy exchange limited (540750) vs yyy ✌️【Yield】✌️ Receive professional stock analysis with real-time updates on market movements. Make quick investment decisions and capitalize on profitable opportunities. 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.”

indian energy exchange limited (540750) vs yyy ✌️【Yield】✌️ Free access to stock market forums, expert advice, and real-time data to help you stay informed and grow your investments. The agency said the lawsuit seeks to stop the bank’s “unlawful conduct, provide redress for harmed consumers, and impose civil money penalties.”

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