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CFPB sues Capital One for withholding $2 billion in potential savings account interest  

Capital One logo
Photo: Win McNamee/Getty Images

The agency has accused the bank of underpaying savings account interest and misleading customers.

The Consumer Finance Protection Bureau has sued Capital One in a Virginia federal court, accusing it of freezing the returns on one of its high-yield savings account without informing customers of a concurrent better option.

In 2019, Capital One stopped offering its high-yield 360 Savings account to customers, and began

The CFPB