Capital One Fined $2 Billion Over Misleading High-Yield Savings Accounts
Capital One has been ordered to pay over $2 billion after a lawsuit filed by the Consumer Financial Protection Bureau (CFPB) alleged that the bank artificially kept interest rates low for its high-yield savings accounts. The CFPB claimed that Capital One deliberately confused its customers about the differences between two account options, 360 Savings and … Read more