Capital One is under fire for offering paltry savings account rates to current customers. Here’s what you need to know.

The Consumer Financial Protection Bureau alleged Tuesday the bank obscured an account from customers that paid a rate 14 times higher than one of its other products.

Capital One, the ninth largest bank in the US, marketed its 360 Savings account as having one of the highest annual ...

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

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

On January 14, 2025, the federal government sued Capital One, accusing it of deceptive practices related to its “360 Savings” ...

Capital One Financial Corp. misled customers when it rolled out a new savings account with a higher interest rate it didn’t also give to existing savings accounts, the Consumer Financial Protection ...

The agency said in a statement Capital One deceived holders of its “360 Savings” account by conflating it with its newer and ...

In a complaint filed Tuesday, the Consumer Financial Protection Bureau took aim at Capital One’s promises and handling of its “360 Savings” accounts. Despite promoting 360 Savings as an account that ...

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 ...

The Consumer Financial Protection Bureau (CFPB) announced today it’s suing Capital One for “cheating millions of consumers” who held its flagship 360 Savings account out of more than $2 ...