The U.S. Consumer Financial Protection Bureau is suing Capital One, claiming the company cheated customers out of $2 billion by misleading them.

The Consumer Financial Protection Bureau is accusing the bank of illegally misleading millions of customers about its savings accounts.

The Consumer Financial Protection Bureau announced Tuesday that it was suing Capital One for misleading consumers about their savings account interest rates and “cheating” them out of more ...

The Consumer Financial Protection Bureau alleged the bank misled some of its customers by not paying them the rate it ...

But instead, the CFPB alleges, Capital One froze its rate at a low level for at least several years, even as rates rose nationally. At the same time, the CFPB adds, the bank created "360 ...

In July, for example, the CFPB alleges, the Performance Savings rate was more than 14 times that of the original 360 Savings accounts. But Capital One kept existing customers in the original ...

comes as other federal agencies deliberate on whether to allow Capital One to purchase its competitor Discover Financial. It also comes as the CFPB prepares for what's likely to be its final days ...

The Consumer Financial Protection Bureau (CFPB) accuses Capital One of freezing the interest rates of its flagship “360 Savings” accounts at low levels despite rates rising nationwide and said ...

Capital One, the CFPB alleges, promised customers that its flagship 360 Savings account provided one of the nation’s “best” and “highest” interest rates, but the bank froze the interest rate at a low ...

The CFPB sued Capital One this week, accusing it of "cheating" customers out of interest payments.

CFPB says bank kept depositors in dark about higher rates Bank allegedly froze rate at 0.30%, other depositors got 4.35% Capital One disagrees with claims, says it was transparent Jan 14 (Reuters ...

However, the interest rates of the two options were substantially different, according to the CFPB. Capital One increased the ...