Thread regarding Capital One layoffs

Capital One cheated customers out of $2 billion in interest

https://www.cbsnews.com/news/capital-one-cfpb-lawsuit-savings-account-rates/

Capital One was sued by the Consumer Financial Protection Bureau for allegedly misleading consumers about its offerings for high-interest savings accounts. As a result, customers lost more than $2 billion in potential interest payments, the lawsuit claims.

In a complaint filed Tuesday, the Consumer Financial Protection Bureau took aim at Capital One's promises and handling of its "360 Savings" accounts, which were promoted as accounts providing one of the highest interest rates in the nation. But instead, the CFPB alleges, Capital One froze its rate at a low level for at least several years, even as rates rose nationally.

by Anonymous
| 971 views | | 4 replies (last January 21, 2025) | Reply
Post ID: @OP+1jhkq3jn7
Comment! It's anonymous!

4 replies (most recent on top)

This is end game. The discover merger is dead. This will lead to Capone not only denied to acquire discover, but put into a lock down which is an asset cap. The CFPB says they've already investigated this issue and this lawsuit is to legally to force restitution, CFPB is certain of their claims. There will be a major fine in the billions as Wells Fargo had a pay a $1.5 billion fine for their fake accounts scandal, and precedent has been said. The CFPB is saying that c1 is worse than wells fargo. Therefore the punishment will be highly severe.

by Anonymous
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Post ID: @197+1jhkq3jn7

Give everything to us discover and we will mange best

by Anonymous
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Post ID: @f2+1jhkq3jn7

"Shut them down and send the Cognizanti and Infosysians back to India!" - Anonymous

Aww, how adorable is to read this lousy non immigrant (which btw has no history knowledge of their own ancestors which most likely were immigrants at some point) that openly accepted and feels threatened for supposedly "highly" skilled workers which probably had less opportunities than "anonymous" during his/her youth. Either you are racist or you just discovered the limited abilities that you had since you were born.

The next step if for you to include the rest of Asians that comes from your job simply because they know python and AI/ML.

by DDS employee
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Post ID: @aq+1jhkq3jn7

Shut them down and send the Cognizanti and Infosysians back to India!

by Anonymous
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Post ID: @a1+1jhkq3jn7

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