CFPB sues Capital One, alleges it misled consumers on savings rates
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The Consumer Financial Protection Bureau (CFPB) is suing Capital One for allegedly misleading consumers about savings rates, claiming the bank cheated customers out of over $2 billion in interest through deceptive marketing practices.
January 14, 2025 | 3:00 pm
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Capital One is being sued by the CFPB for allegedly misleading consumers about savings rates, potentially impacting its reputation and financials.
The lawsuit from the CFPB could damage Capital One's reputation and lead to financial penalties, potentially affecting its stock price negatively in the short term.
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