CFPB Sues Capital One Over Alleged $2 Billion Savings Account Scheme

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Representatives for Capital One did not immediately respond to requests for comment. Legal counsel for the bank has not yet been identified, according to court documents.

Legal Representation and Next Steps

The CFPB is represented in-house by attorneys Tassity Johnson, Jamie Renner, Wesley B. Ward, and Kara K. Miller. The agency is seeking financial penalties and restitution as it pursues claims in court.

The case underscores the CFPB’s focus on holding financial institutions accountable for practices that harm consumers. The lawsuit is likely to draw significant attention as regulators push for greater transparency in the banking sector.

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