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 ...

The CFPB claims that Capital One’s actions amounted to a violation of the Truth in Savings Act by misrepresenting the interest rates for 360 Savings and unfairly keeping customers in the dark ...

The Truth in Lending Act (TILA), also often called Regulation Z, is the backbone of these protections. The TILA forces lenders to stay honest and gives consumers the upper hand in lending experiences.