The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.

Federal regulators said in a lawsuit on Tuesday that the giant bank deliberately underpaid savings account interest, even as ...

The CFPB is widely seen as a key ally of American consumers, but critics say it costs too much and stifles innovation.

A new lawsuit alleging that Capital One cheated savers out of larger yields is a wake-up call for people who want to wise up ...

If you had a savings account at Capital One between 2019 and mid-2024, you may have been misled into accepting a lower return ...

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions ...

After the Federal Reserve started raising interest rates in 2022, Capital One adjusted rates only for the Performance accounts, federal regulators allege. The bank kept the 360 Savings rate fixed ...

Capital One is defending itself from the CFPB's claims that it cheated customers out of billions of dollars in interest ...

The agency accused Capital One of obscuring a new, higher-paying savings product from some legacy savings account holders.

The government’s consumer watchdog sued Capital One on Tuesday for “cheating” customers out of billions in interest payments.

The bank didn't give some existing customers the higher rates it was offering new customers, the agency alleged. The bank ...