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New York sues Capital One over savings scheme

NY Attorney General Letitia James speaks during a press conference
New York Attorney General Letitia James. Photo: Michael M. Santiago/Getty Images

Vlada Gurvich

5 min read
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New York is ensuring Capital One faces accountability where the federal regulators stepped back.

The New York Attorney General has filed a lawsuit against Capital One, accusing the bank of misleading customers and depriving them of millions of dollars of interest earnings. According to the complaint, Capital One promoted its 360 Savings product as a high-yield savings option, boasting competitive returns.

Yet while national interest

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