Capital One accused of cheating customers out of $2 billion in new lawsuit
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Capital One is facing a lawsuit from a U.S. watchdog, accused of misleading consumers about high-interest savings accounts and causing over $2 billion in lost interest payments.
January 15, 2025 | 12:15 am
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Capital One is being sued by a U.S. watchdog for allegedly misleading consumers about high-interest savings accounts, resulting in over $2 billion in lost interest payments.
The lawsuit 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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