New York AG sues Capital One over savings account rates

York Attorney General Letitia James sued Capital One (COF) “for cheating its online savings relationship customers retired of millions of dollars successful involvement payments.” The suit alleges that Capital One marketed its “360 Savings” accounts arsenic “high interest” accounts with “one of the nation’s champion savings rates” that would gain its customers much than an mean savings account. “In reality, portion interest rates roseate nationwide, Capital One kept the involvement rates for its 360 Savings accounts artificially low,” James says successful a statement. The enactment brought by James seeks restitution and damages for each affected Capital One customers, disgorgement of profits Capital One made by illegally misleading its customers, and penalties.

Confident Investing Starts Here:

• Quickly and easy unpack a company's show with TipRanks' caller KPI Data for astute concern decisions

• Receive undervalued, marketplace resilient stocks consecutive to you inbox with TipRanks' Smart Value Newsletter

Published archetypal connected TheFly – the eventual root for real-time, market-moving breaking fiscal news. Try Now>>

See today’s best-performing stocks connected TipRanks >>

Read More connected COF:

Disclaimer & DisclosureReport an Issue

• Coinbase Stock Jumps 11% connected S&P 500 Inclusion News

• Coinbase to regenerate Discover successful S&P 500 astatine unfastened connected 5/19

• Capital One Financial Holds Annual Stockholder Meeting

• Discover downgraded to Hold from Buy astatine Jefferies

• Capital One terms people raised to $210 from $208 astatine Evercore ISI