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Capital 1 Discloses CFPB Probe on Savings Accounts
Capital One warns of potential CFPB enforcement action over its savings accounts
The probe comes as the company is awaiting regulatory approvals for its $35.3 billion acquisition of Discover Financial Services.
Capital One warns of possible CFPB enforcement action
The bureau notified the lender last month it’s considering action after customers sued Capital One, claiming it never told savings account holders they could get a higher yield if they switched to another product.
Capital One discloses CFPB investigation tied to savings account lawsuit
A lawsuit brought by Capital One savings account customers in July 2023 has now attracted the attention of the Consumer Financial Protection Bureau.
Capital One Faces Potential CFPB Action Over Alleged Savings Account Misrepresentations
Capital One disclosed it may face enforcement action from the Consumer Financial Protection Bureau over alleged misrepresentations concerning its savings accounts. The inquiry follows a customer lawsuit
Capital One Discloses CFPB Probe on Savings Accounts
The Consumer Financial Protection Bureau is probing Capital One's high-yield savings accounts, the bank said in a securities filing Thursday. The Journal reported earlier this year that the bank paid
bankingdive
1d
Visa lawsuit may complicate DOJ’s scrutiny of Capital One-Discover deal, analysts say
If the Justice Department were to block the Capital One-Discover deal while also going after Visa, “they’d be intellectually ...
ConsumerAffairs
1d
Capital One says it could face a federal enforcement action
Capital One has disclosed that a federal agency – the Consumer Financial Protection Bureau (CFPB) – could launch an ...
Crain's Chicago Business
3h
Discover brings on new legal chief amid Capital One merger review
Former U.S. Department of Commerce general counsel Kelly Welsh will replace outgoing chief legal officer Hope Mehlman, who is ...
5d
What Former Capital One Walmart Cardholders Should Do Next
Walmart Rewards cardholders are stuck between a rock and a hard place if they're unsatisfied with the Quicksilver as a ...
1d
Capital One Platinum Credit Card review: An unsecured credit-builder card
This Capital One Platinum Credit Card offers no rewards, but it's an unsecured card available if you have average credit.
11d
Capital One Wants to Woo the Rich Without Being Snobby About It
With the Discover merger, the bank plans to supercharge its rewards programs. It just needs regulators to sign off ...
13d
Capital One Spark Cash Plus review: Flat-rate rewards for high-spending businesses
The Capital One Spark Cash Plus offers businesses unlimited 2% cash back and a high-potential welcome bonus, but its annual ...
4d
on MSN
Capital One warns of potential enforcement action over savings accounts
The agency may also pursue litigation,
Capital
One
warned. At the center of the controversy is a lawsuit filed by some ...
4d
3 Reasons to Choose the Capital One Quicksilver Over a 2% Cash Back Card
The Capital One Quicksilver earns 1.5% cash back on every purchase. Here's why it beats credit cards that earn 2% back.
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CFPB
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