The U.S. Consumer Financial Protection Bureau is suing Capital One, claiming the company cheated customers out of $2 billion by misleading them.

The Consumer Financial Protection Bureau is accusing the bank of illegally misleading millions of customers about its savings accounts.

Capital One's five-day interruption, President Trump's planned dismantling of the Consumer Financial Protection Bureau and more this month.

The Consumer Financial Protection Bureau announced Tuesday that it was suing Capital One for misleading consumers about their savings account interest rates and “cheating” them out of more ...

The Consumer Financial Protection Bureau alleged the bank misled some of its customers by not paying them the rate it ...

But instead, the CFPB alleges, Capital One froze its rate at a low level for at least several years, even as rates rose nationally. At the same time, the CFPB adds, the bank created "360 ...

CFPB alleges Capital One misled customers by freezing 360 Savings rates while promoting a higher-yielding, hidden product. Lawsuit seeks restitution for harmed consumers and civil penalties after ...

comes as other federal agencies deliberate on whether to allow Capital One to purchase its competitor Discover Financial. It also comes as the CFPB prepares for what's likely to be its final days ...

In July, for example, the CFPB alleges, the Performance Savings rate was more than 14 times that of the original 360 Savings accounts. But Capital One kept existing customers in the original ...

Capital One, the CFPB alleges, promised customers that its flagship 360 Savings account provided one of the nation’s “best” and “highest” interest rates, but the bank froze the interest rate at a low ...

However, the interest rates of the two options were substantially different, according to the CFPB. Capital One increased the ...

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 ...