CFPB sues Capital One alleging it cheated customers out of over $2 billion in interest
Despite its relatively low interest rate, the CFPB alleged, the 360 Savings account was advertised as a high-interest savings account.
The Consumer Financial Protection Bureau Is Being Told to Stop Its Work. 5 Ways That Could Impact Consumers Like You.
In its 14 years, the CFPB has created rules limiting credit card late fees and overdraft penalties, protected consumers from ...
Bessent Freezes Consumer Financial Protection Bureau Work Leaving Lawsuits Against JPMorgan, Bank Of America, Capital One In Limbo
Treasury Secretary Scott Bessent on Monday ordered a halt to the majority of work at the Consumer Financial Protection Bureau ...
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Capital One Faces Lawsuit Over Savings Account Practices
On January 14, 2025, the federal government sued Capital One, accusing it of deceptive practices related to its “360 Savings” ...
What's In Your Wallet? Suit Alleges It May Be Less Than Capital One Suggested
If you had a savings account at Capital One between 2019 and mid-2024, you may have been misled into accepting a lower return on your deposits than the marketing suggested, according to a lawsuit ...
Changes underway after Donald Trump fires head of Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau is halting its operations amid Scott Bessent's takeover, according to reports.
Why Banks May Be Hoping You’re Not Paying Attention
They have no fiduciary duty in many cases and can profit from customers’ confusion. But where’s the line between unsavory and ...
Trump fires the director of the Consumer Financial Protection Bureau
President Donald Trump has fired the director of the Consumer Financial Protection Bureau, Rohit Chopra, in the latest purge ...