CFPB sues Capital One, alleges it misled consumers on savings rates
1. CFPB is suing Capital One for misleading savings account interest rates. 2. Allegations include cheating customers out of over $2 billion in interest. 3. Capital One conflated '360 Savings' with '360 Performance Savings' accounts. 4. Interest rates differ significantly between the two account types. 5. Capital One denies allegations and claims transparent marketing.