Federal regulators said in a lawsuit on Tuesday that the giant bank deliberately underpaid savings account interest, even as rates rose.

The Consumer Financial Protection Bureau accused the bank of “cheating” customers out of more than $2 billion by misleading them about interest rates.

Capital One was sued by the Consumer Financial Protection Bureau ... The lawsuit comes at a time when savers have benefitted from the Federal Reserve's decision to ratchet interest rates, part of its effort to fight soaring inflation.

If you had a savings account at Capital One between 2019 and mid-2024, you may have been misled into accepting a lower return on your deposits than the marketing suggested, according to a lawsuit filed Tuesday by the government's consumer watchdog agency.

The agency accused Capital One of obscuring a new, higher-paying savings product from some legacy savings account holders. The bank said it is “disappointed” with the bureau’s “eleventh hour lawsuits.

Presentation Operator Thank you. Good day, and thank you for standing-by. Welcome to the Capital One Q4 2024 Earnings Call. Please be advised that today's conference is being recorded. After the speakers' presentation,

The government’s consumer watchdog sued Capital One on Tuesday for “cheating” customers out of billions in interest payments. The Consumer Financial Protection Bureau (CFPB) accused the banking

The bank didn't give some existing customers the higher rates it was offering new customers, the agency alleged. The bank said it would fight the suit, which comes just days before the Trump administration takes over the regulator.

Americans are spending more on credit cards and carrying bigger balances month to month, with interest rates hovering near record highs.

Q4 2024 Earnings Call Transcript January 24, 2025 Operator: Hello, and welcome to the Eastern Bankshares, Inc. Fourth Quarter 2024 Earnings Conference Call. Today’s call will include forward-looking statements,

Here are our top real estate investment trust (REIT) ideas for 2025. They pay among the highest yields and offer solid growth potential.

SEC rescinds controversial SAB 121, replacing it with crypto-friendly SAB 122 to ease burdens on banks and crypto firms.