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New York Sues Capital One, Pursuing Similar Case CFPB Dropped
COFCapital One(COF) PYMNTS.com·2025-05-15 04:34

New York Attorney General Letitia James sued Capital One Wednesday (May 14), alleging the bank misled its customers about the existence of a savings account that provided higher interest.The lawsuit’s allegations are similar to those made by the Consumer Financial Protection Bureau (CFPB) in a case the agency later dropped after a change in leadership, the Office of the New York State Attorney General said in a Wednesday press release.The release added that James seeks to “ensure that Capital One does not e ...