Capital One Sued by CFPB Over Its Savings Accounts
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Capital One is being sued by the Consumer Financial Protection Bureau (CFPB) for allegedly misleading customers by not paying the advertised interest rate on its main savings account.
January 14, 2025 | 3:00 pm
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Capital One is facing a lawsuit from the CFPB for allegedly not paying the advertised interest rate on its main savings account, which could impact its reputation and financial performance.
The lawsuit from the CFPB could damage Capital One's reputation and lead to financial penalties, affecting its stock price negatively in the short term. Legal issues often result in increased scrutiny and potential loss of customer trust.
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