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CFPB Sues Capital One, Alleging Misleading Promotion of ‘Highest' Rates
COFCapital One(COF) PYMNTS.com·2025-01-15 00:48

The Consumer Financial Protection Bureau (CFPB) sued Capital One Tuesday (Jan. 14), alleging that the bank promoted one savings account as offering one of the nation’s “highest” interest rates at the same time it offered another one that paid out rates that were as much as 14 times higher.The regulator’s lawsuit seeks to put a stop to Capital One’s alleged unlawful conduct, provide redress for harmed consumers and impose civil money penalties that would be paid into its victims relief fund, the CFPB said in ...