Capital One savings account lawsuit: What you need to know

13 hours ago · Learn what account holders should do now. CFPB lawsuit alleges $2B in lost interest. Check your account now. ... Capital One allegedly swindled savings account holders out of billions in interest ...

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Capital One Savings Account Lawsuit: What You Need To Know

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Capital One Lawsuit Reveals How Bank Customers Can Get Smart …

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1 hour ago · At a 0.5% APY, which Capital One offers on the original 360 Savings accounts, it produces even less. Some megabanks can offer savings accounts with rates as low as 0.01% …

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Capital One Allegedly Cheated Customers Out Of $2 Billion In …

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2 days ago · According to disclosures on the Capital One's website, 360 Savings accounts currently carry an interest rate of just under 0.50%. 360 Performance Savings accounts have …

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Capital One Sued By US Watchdog Alleging Bank Cheated …

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3 days ago · According to disclosures on the Capital One’s website, 360 Savings accounts currently carry an interest rate of just under 0.50%. 360 Performance Savings accounts have …

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Capital One Is Accused Of Cheating Customers Out Of $2 Billion

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3 days ago · “The only thing that has ever meaningfully distinguished 360 Performance Savings from 360 Savings is the former product’s higher interest rate,” the lawsuit said. A Capital One …

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Capital One Accused Of Owing Members $2 Billion, U.S. Watchdog …

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2 days ago · The consumer bureau, a federal agency responsible for consumer protection in the finance sector, alleges Capital One marketed its 360 Savings account as having some of the …

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Capital One Cheated Customers Out Of $2 Billion By ... - Morningstar

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2 days ago · From 2019 to 2024, Capital One cut the 360 Savings interest rate to 0.3% and then froze it there, while boosting the rate on its 360 Performance Savings account to 4.35% as of …

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Capital One Is Sued By Regulator Over The Bank’s Savings Accounts

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The Consumer Financial Protection Bureau is suing Capital One COF-1.17% decrease; red down pointing triangle, alleging the bank misled some of its customers by not paying them the rate it ...

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Capital One Allegedly Swindled Savings Account Holders Out Of …

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11 hours ago · The Consumer Financial Protection Bureau (CFPB) has filed a $2 billion lawsuit against Capital One, alleging that the bank deceived millions of consumers with their savings …

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Capital One Accused Of Misleading Customers On Savings Rates

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3 days ago · Capital One introduced the 360 Performance Savings Account in 2019, with an interest rate that eventually rose to 4.25%, according to the complaint.

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Capital One Faces Lawsuit Over Savings Rates. Is Your Bank Next?

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Nov 16, 2023 · Capital One 360 Performance Savings pays 4.30% APY, making it one of the best high-yield savings accounts out there right now. However, Capital One savings rates for the …

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Capital One (COF) Sued For Deceiving Savings Account Holders

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Nov 7, 2023 · Per the latest version of the lawsuit filed in federal court in Virginia, Capital One customers with 360 Performance Savings accounts were receiving 4.30%, while the 360 …

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Capital One Faces US CFPB Lawsuit Over $2bn In Unpaid Interest

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2 days ago · Concurrently, Capital One introduced a new product, “360 Performance Savings,” which was nearly identical but offered significantly higher interest rates, at times over 14 times …

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FAQs about Capital One savings account lawsuit: What you need to know Coupon?

Is Capital One pursuing a lawsuit over a '360 performance savings' account?

The agency may also pursue litigation, Capital One warned. At the center of the controversy is a lawsuit filed by some customers last year, who alleged that the company introduced a new "360 Performance Savings" account with a higher interest rate than it was paying to customers of another account, "360 Savings." ...

Is capital one facing a lawsuit over savings rates?

Capital One is facing a lawsuit over savings rates. Here's how to find out if your bank could be next. Capital One isn't the only bank that requires you to open a new savings account to earn the best interest rate. Ekaterina Goncharova/Getty Images ...

Will Capital One dismiss a lawsuit over interest paid on savings accounts?

Capital One is asking for dismissal of a lawsuit brought by customers over interest paid on savings accounts. Check your bank statement to find out if you have the latest savings account and are earning the best rate. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview ...

Why is Capital One suing Capital One?

The Consumer Financial Protection Bureau announced Tuesday that it was suing Capital One for misleading consumers about their savings account interest rates and “cheating” them out of more than $2 billion in interest. ...

Is Capital One suing over high-yield savings account rates?

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time. Capital One is asking for dismissal of a lawsuit filed by customers over high-yield savings account rates. Here's what happened: Capital One used to have an account called 360 Savings. ...

Did Capital One mislead customers?

The bank misled its customers after promising a new savings account with a higher interest rate not ... [+] The Consumer Financial Protection Bureau alleges Capital One advertised its new “360 Savings” accounts provided the “top,” “best” and “highest” rates before freezing the rate at just 0.30%, even as deposit rates rose nationwide. ...