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The Consumer Financial Protection Bureau (CFPB) has filed a $2 billion lawsuit against Capital One, alleging that the bank deceived millions of consumers with their savings account offerings. The ...
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.
Capital One apologized for the problem, telling customers in a post on social media that the bank is "actively working with the vendor to resolve the issue and restore services." NIL money in ...
A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts and "cheating" customers out of more than $2 billion in interest.
Capital One declared that Thompson had accessed about 140,000 Social Security numbers, a million Canadian social insurance numbers; 80,000 bank account numbers, and an unknown number of names and addresses of customers. Capital One began offering free credit monitoring services [114] and identity protection [115] to those affected by the breach.
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They are also asking if a bank has enough capital and reserves to withstand severe losses to its construction loan portfolio, nonperforming loans and other troubled assets." [39] Some banks received capital with the understanding the banks would try to find a merger partner. To receive capital under the program banks are also "required to ...
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