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International Business Times
International Business Times
Terry Massey

Capital One Accused Of Cheating Consumers Out Of $2 Billion In Interest Earnings

Capital One CFPB The Consumer Financial Protection Bureau 360 Performance Savings Rohit Chopra Interest Rates Lawsuit 360 Savings

The Consumer Financial Protection Bureau announced Tuesday that it has filed a lawsuit against Capital One Bank for misleading customers about their savings account interest rates.

The CFPB accuses Capital One of "cheating" clients out of more than $2 billion in interest after deceiving them about its 360 Savings account.

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