Capital One settles for $425M over interest rate tactics
For years, Capital One ran what appeared to be a straightforward savings product. Customers who opened a 360 Savings account were told they were getting a competitive rate. What many of them did not know was that the bank had quietly launched a second account in 2019, the 360 Performance Savings, with significantly better returns. […] The post Capital One settles for $425M over interest rate tactics appeared first on Rolling Out.
Black News 
For years, Capital One ran what appeared to be a straightforward savings product. Customers who opened a 360 Savings account were told they were getting a competitive rate. What many of them did not know was that the bank had quietly launched a second account in 2019, the 360 Performance Savings, with significantly better returns. […]
The post Capital One settles for $425M over interest rate tactics appeared first on Rolling Out.
