Capital One sued by feds for allegedly cheating customers out of billions in interest payments
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Capital One is being sued by federal authorities for allegedly misleading customers about interest rates on their 360 Savings accounts. The lawsuit claims that Capital One advertised top interest rates but kept them at 0.30% despite rising rates nationwide.
January 14, 2025 | 6:45 pm
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Capital One is facing a federal lawsuit for allegedly misleading customers about interest rates on their 360 Savings accounts, potentially impacting its reputation and financials.
The lawsuit 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 costs.
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