2025-01-25 05:33:33

Capital One Sued by US Government, Accused of Cheating Millions Customers out of $2,000,000,000 in Interest

The Consumer Financial Protection Bureau (CFPB) is filing a lawsuit against the ninth-largest bank in the US for allegedly misleading and cheating customers out of billions of dollars in interest. The CFPB alleges Capital One misled consumers into believing that its product known as “360 Savings” was offering the best and the highest interest rates […] The post Capital One Sued by US Government, Accused of Cheating Millions Customers out of $2,000,000,000 in Interest appeared first on The Daily Hodl.
https://dailyhodl.com/2025/01/24/capital-one-sued-by-us-government-accused-of-cheating-millions-customers-out-of-2000000000-in-interest/

Author Public Key

npub1qdx9z0fx4t3h2ssas30g92qsew9h5sq985cy0gcvplhk447vtqtqjdy4kv

Seen on

wss://relay.nostr.band

Show more details

Published at

2025-01-25 05:33:33

Kind type

1 Short Text Note

Event JSON

{ "id": "2555554a8219d2d2e559b2e7aa1ddfcba9cc44800c6531ae22dece61b1486e6a", "pubkey": "034c513d26aae375421d845e82a810cb8b7a40053d3047a30c0fef6ad7cc5816", "created_at": 1737783213, "kind": 1, "tags": [ [ "r", "https://dailyhodl.com/2025/01/24/capital-one-sued-by-us-government-accused-of-cheating-millions-customers-out-of-2000000000-in-interest/" ], [ "subject", "Capital One Sued by US Government, Accused of Cheating Millions Customers out of $2,000,000,000 in Interest" ], [ "published_at", "1737783080" ], [ "image", "https://dailyhodl.com/wp-content/uploads/2024/07/jpmorgan-wells-bank-_0e852e.jpg?w=1024" ], [ "p", "034c513d26aae375421d845e82a810cb8b7a40053d3047a30c0fef6ad7cc5816", "wss://relay-testnet.k8s.layer3.news" ], [ "imeta", "url https://dailyhodl.com/wp-content/uploads/2024/07/jpmorgan-wells-bank-_0e852e.jpg?w=1024" ], [ "t", "crypto:perspective" ], [ "summary", "The CFPB alleges that Capital One misled consumers into believing that its 360 Savings account offered the best and highest interest rates in the US, while keeping the rates low. The bank allegedly created a similar product, 360 Performance Savings, that paid out significantly more in interest, but did not notify 360 Savings account holders about it. The lawsuit seeks to stop Capital One's alleged unlawful conduct and offer compensation to harmed consumers." ] ], "content": "nostr:nprofile1qy3hwumn8ghj7un9d3shjtt5v4ehgmn9wshxkwrn9ekxz7t9wgejumn9waesqgqrf3gn6f42ud65y8vyt6p2syxt3dayqpfaxpr6xrq0aa4d0nzczc6wrnrs\nhttps://dailyhodl.com/wp-content/uploads/2024/07/jpmorgan-wells-bank-_0e852e.jpg?w=1024\nThe Consumer Financial Protection Bureau (CFPB) is filing a lawsuit against the ninth-largest bank in the US for allegedly misleading and cheating customers out of billions of dollars in interest. The CFPB alleges Capital One misled consumers into believing that its product known as “360 Savings” was offering the best and the highest interest rates […] The post Capital One Sued by US Government, Accused of Cheating Millions Customers out of $2,000,000,000 in Interest appeared first on The Daily Hodl.\nhttps://dailyhodl.com/2025/01/24/capital-one-sued-by-us-government-accused-of-cheating-millions-customers-out-of-2000000000-in-interest/", "sig": "0bea5036b36da453b70ce65d0917cf75b15a881fe4bde2de9a40b19bd4635e06b6256caa2f2d2e32421e929ac98b12352b89aee4ef215592c032ad47cf39d1e6" }