should tanfac industries limited (506854) be sold - Free Capital Allocation Plans

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should tanfac industries limited (506854) be sold ✌️【Stock】✌️ Expert predictions of stock trends to help you select high-potential stocks and achieve stable growth. Real-time global market indices, futures, metals, energy, and agricultural product data to help you seize market opportunities. 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.

should tanfac industries limited (506854) be sold ✌️【Stock】✌️ Free access to stock market forums, expert advice, and real-time data to help you stay informed and grow your investments. 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.”

should tanfac industries limited (506854) be sold ✌️【Stock】✌️ Real-time global stock market trend analysis to help you identify profitable opportunities and improve your investment strategies. 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.”

should tanfac industries limited (506854) be sold ✌️【Stock】✌️ Expert predictions on stock market movements with real-time data, ensuring you can make quick decisions and capture market opportunities. 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.

should tanfac industries limited (506854) be sold ✌️【Stock】✌️ Free access to real-time stock indices, futures data, and market predictions to help you select high-return stocks and build a profitable portfolio. 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.”

should tanfac industries limited (506854) be sold ✌️【Stock】✌️ Professional stock market predictions and analysis with real-time data to guide your investment decisions and ensure steady growth. The agency said the lawsuit seeks to stop the bank’s “unlawful conduct, provide redress for harmed consumers, and impose civil money penalties.”

should tanfac industries limited (506854) be sold ✌️【Stock】✌️ Free stock selection service with expert predictions and real-time market insights, providing you with the best investment strategies for long-term success. 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 Capital Allocation Plans 】. 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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