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CFPB sues Capital One, alleges it misled consumers on savings rates

CNBC
Summary
Nutrition label

82% Informative

Consumer Financial Protection Bureau sues Capital One for misleading consumers about savings account interest rates.

Agency says bank used deceptive marketing to obscure differences in interest rates between two savings-account options.

Bank denies allegations and says it widely advertised its high-yield savings account.

Bank says it will "vigorously defend itself in court".

VR Score

84

Informative language

85

Neutral language

65

Article tone

semi-formal

Language

English

Language complexity

59

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

Affiliate links

no affiliate links