At Old Glory Bank, we stand for transparency and customer trust. According to a CBS News article, the Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Capital One, alleging that the bank misled customers by withholding over $2 billion in interest from holders of its 360 Savings accounts.
Capital One is accused of offering two savings accounts with similar names but with significantly different interest rates, confusing customers and leading to lower interest rate returns than advertised. This situation underscores the importance of clear communication and honest banking practices.
Old Glory Bank prides itself on straightforward dealings and ensuring our customers fully understand the terms of their accounts.
We encourage you to read the full CBS News article for more details on this case.
Instead of asking what’s in your wallet, maybe you should be asking who stands with you? At Old Glory Bank, we stand with you.
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