On January 14, 2025, the CFPB announced that it had filed a complaint against a large national bank for alleged violations of the Consumer Financial Protection Act (CFPA), the Truth in Savings Act ...

Capital One marketed its 360 Savings account as a high-interest option with competitive rates. However, from late 2019 to mid-2024, the interest rate for 360 Savings accounts was frozen at 0.30%, ...

The lawsuit claims that Capital One misled consumers about the interest rates on its 360 Savings accounts from 2013 ... the Consumer Financial Protection Act of 2010 and the Truth in Savings Act.

The agency said Capital One’s conduct violates the federal Consumer Financial Protection Act by engaging in deceptive acts and practices as well as the federal Truth in Savings Act, which ...

Capital One was sued on Tuesday by the US Consumer Financial Protection Bureau, which accused the bank of illegally cheating customers who held its flagship "high interest" savings account out of ...

The CFPB also said Capital One kept 360 Savings depositors in the dark when, in 2019, it launched the 360 Performance Savings account, which was identical except for carrying a substantially ...

Between late 2019 and mid-2024, Capital One kept the interest rate on its 360 Savings account at just 0.30%, even as market rates soared. Simultaneously, Capital One introduced the “360 ...

Regulation Z is a U.S. Federal Reserve regulation synonymous with the Truth in Lending Act and includes protections ... Scammed Out of Her Life Savings, This 74-Year-Old Admits To Robbing a ...