New York AG Sues Capital One After Federal Case Dropped
1. Capital One faced a CFPB complaint over misleading savings account promotions. 2. The complaint alleged Capital One concealed higher interest account from 360 Savings accountholders. 3. New York Attorney General has filed similar charges against Capital One. 4. Affected customers potentially lost millions in interest payouts due to misleading marketing. 5. The trend shows state AGs stepping in for federal enforcement on financial practices.