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where could jagran prakashan limited (532705) be headed ✌️【Market Forecast】✌️ Stay informed with expert predictions of stock trends and real-time market data, covering global indices, futures, metals, and agricultural products. Make better decisions and achieve consistent growth in your investments. 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.

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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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