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  2. CFPB sues Capital One for 'cheating' customers out of ... - AOL

    www.aol.com/cfpb-sues-capital-one-cheating...

    Capital One increased the 360 Performance Savings interest rate from 0.4% in April 2022 to 4.35% in January 2024, while it lowered and then froze the 360 Savings rate at 0.3% between late 2019 and ...

  3. CFPB Sues Capital One Over Alleged $2 Billion In Lost ...

    www.aol.com/cfpb-sues-capital-one-over-003014153...

    Between late 2019 and mid-2024, Capital One kept the interest rate on its 360 Savings account at just 0.30%, even as market rates soared. Simultaneously, ...

  4. Letter of intent - Wikipedia

    en.wikipedia.org/wiki/Letter_of_intent

    A letter of intent (LOI or LoI, or Letter of Intent) is a document outlining the understanding between two or more parties which they intend to formalize in a legally binding agreement. The concept is similar to a heads of agreement , term sheet or memorandum of understanding .

  5. Capital One - Wikipedia

    en.wikipedia.org/wiki/Capital_One

    Capital One is the title sponsor of the Orange Bowl since 2015. Capital One Venture X is the presenting sponsor of the Rose Bowl Game since 2022. Capital One is one of the top three sponsors of the NCAA, paying an estimated $35 million annually in exchange for advertising and access to consumer data.

  6. Letter of credit - Wikipedia

    en.wikipedia.org/wiki/Letter_of_credit

    Typically the letter of credit will request an original bill of lading as the use of a title document such as this is critical to the functioning of the letter of credit. [18] However, the list and form of documents is open to negotiation and might contain requirements to present documents issued by a neutral third-party evidencing the quality ...

  7. Capital One allegedly swindled savings account holders out of ...

    www.aol.com/finance/capital-one-allegedly...

    The CFPB alleges that Capital One kept interest rates low on 360 Savings accounts while offering significantly higher rates on the newer 360 Performance Savings accounts without adequately ...

  8. At issue is Capital One’s marketing of the “360 Savings” account that used words as “one of the nation’s” “top,” “best,” and “highest” to describe the interest earned from it.

  9. Highly confident letter - Wikipedia

    en.wikipedia.org/wiki/Highly_confident_letter

    The "highly confident letter" was a financing tool created by investment bankers at Drexel Burnham Lambert, dominated by Michael Milken, in the 1980s.Its objective was to enable corporate raiders to launch leveraged buyout (LBO) offers without the debt component of their financing package fully in place.