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The CFPB claims that Capital One used two similarly named products, 360 Savings and 360 Performance Savings, to create a two-tier system where existing savings account customers were purposely ...
At issue is Capital One’s marketing of the “360 Savings” account that used words as “one of the nation’s” “top,” “best,” and “highest” to describe the interest earned from it.
The government’s consumer watchdog sued Capital One on Tuesday for “cheating” customers out of billions in interest payments. The Consumer Financial Protection Bureau (CFPB) accused the ...
Per CFBP, Capital One marketed its 360 Savings as a “high-interest” account with one of the nation’s best rates, only to mislead customers by freezing the rate at 0.30%. At the same time, it ...
Capital One Financial Corporation is an American bank holding company founded on July 21, 1994, and specializing in credit cards, auto loans, banking, and savings accounts, headquartered in McLean, Virginia with operations primarily in the United States. [2]
According to disclosures on the Capital One's website, 360 Savings accounts currently carry an interest rate of just under 0.50%. 360 Performance Savings accounts have an interest rate of about 3.74%.
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