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Capital One, CFPB
Capital One Is Sued by CFPB. Why It Won’t Affect Discover Acquisition.
We strongly disagree with their claims and will vigorously defend ourselves in court.”Capital One stock rose 1.7% on Tuesday.Last fall, the company presented a $35 billion bid to buy Discover Financial Services that is now working its way through the regulatory approval process.
CFPB sues Capital One alleging it cheated customers out of over $2 billion in interest
Despite its relatively low interest rate, the CFPB alleged, the 360 Savings account was advertised as a high-interest savings account.
Capital One allegedly cheated customers out of $2 billion, CFPB says
The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
American Banker
1h
CFPB releases guidance documents as blueprint for states
The Consumer Financial Protection Bureau released recommendations on how states can beef up enforcement after the Trump ...
JD Supra
1h
CFPB Takes Aim at Crypto Wallets and Gaming Platforms with Proposed "Interpretive Guidance" to Expand EFTA's Scope
The Consumer Financial Protection Bureau (CFPB) has proposed an interpretive rule on how the Electronic Fund Transfer Act (EFTA) and its ...
1d
The CFPB Is Digging In for Last Days of Biden's Term. But What Happens Next?
There are a lot of consumers and particularly consumer advocates who think that the CFPB has done a great job. Trump held himself out to be a populist… acting, with an agenda that supports consumers,” ...
American Banker
3h
2025 banking forecasts: Taming the CFPB and Trump's return
Lawsuits challenging the Consumer Financial Protection Bureau's final rule on medical debt are the latest issues facing banks ...
JD Supra
1h
CFPB Introduces New Rule Banning Certain Contractual Provisions in Consumer Financial Agreements
The Consumer Financial Protection Bureau (CFPB or Bureau) proposed a new rule aimed at banning certain contractual provisions in agreements ...
Hoodline
23h
CFPB Report Reveals Surge in Buy Now, Pay Later Loans Among Consumers with Lower Credit Scores
CFPB insights reveal increase in Buy Now, Pay Later loans, especially among consumers with lower credit scores.
7h
Capital One faces US CFPB lawsuit over $2bn in unpaid interest
"Capital One faces US CFPB lawsuit over $2bn in unpaid interest" was originally created and published by Retail Banker ...
JD Supra
1h
Open Banking Update: CFPB Recognizes First Open Banking Standard-Setting Body
On January 8, 2025, the Consumer Financial Protection Bureau (CFPB) issued a decision and order approving the application of Financial Data ...
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Related topics
Capital One
Consumer Financial Protection Bureau
360 Savings
Donald Trump
United States
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