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) has filed a $2 billion lawsuit against Capital One, alleging that the bank deceived millions of consumers with their savings account offerings.

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 given a ...

Capital One used a deceptive scheme to cheat its customers out of $2 billion across several years, a federal watchdog claimed Tuesday in a lawsuit. The scheme concerned the company’s “360 ...

At the same time, the CFPB adds, the bank created “360 Performance Savings,” which saw a much higher rate grow. But the agency says that Capital One did not notify 360 Savings accountholders ...

During the same time frame, Capital One created the 360 Performance Savings account, which the CFPB alleges was "virtually identical" to the 360 Savings account, except it had a substantially ...

its widely offered “360 Savings” account and its deliberately obscured “360 Performance Savings” account. The suit alleges that the “only thing that has ever meaningfully distinguished 360 Performance ...

At the same time, the CFPB adds, the bank created "360 Performance Savings," which saw a much higher rate grow. But the agency says that Capital One did not notify 360 Savings accountholders about ...