CFPB Sues Capital One Over Interest Payments. Why You Should Track Your Savings Account APY
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The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Capital One for offering two similarly named savings accounts with significantly different interest rates. This highlights the importance of monitoring your savings account's annual percentage yield (APY).
January 15, 2025 | 12:00 am
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Capital One is being sued by the CFPB for offering savings accounts with similar names but different interest rates, which could affect customer trust and regulatory scrutiny.
The lawsuit by the CFPB against Capital One for misleading savings account interest rates could lead to negative sentiment among customers and increased regulatory scrutiny. This may result in short-term downward pressure on Capital One's stock price.
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