Top headline: New York Times, 1/9/2025
Caricature: Wikipedia
Bottom headline: Public Information, 1/15/2025
From Public Information:
An explosive new lawsuit filed by the Consumer Financial Protection Bureau (CFPB) alleges that Capital One bank cheated its customers out of $2 billion. According to the lawsuit, Capital One deceived and abused its depositors, baiting them with promises of high interest rates before switching the terms and paying little interest. The CFPB claims that Capital One purposefully hid the truth about these accounts from customers and concealed the availability of a new product that paid much higher interest.
Those responsible are likely to receive no more than a slap on the wrist.
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