NEW YORK, May 14 (Reuters) - Capital One COF.N was sued on Wednesday by New York Attorney General Letitia James, who accused the bank of deceiving consumers about interest rates on its savings accounts, causing the loss of million of dollars in interest.
The complaint filed in Manhattan federal court alleges violations of New York consumer protection laws. James wants Capital One to provide restitution to affected consumers, and pay civil fines.
(Reporting by Jonathan Stempel in New York, Editing by Nick Zieminski)
((jon.stempel@thomsonreuters.com; +1 646 223 6317; Reuters Messaging: jon.stempel.thomsonreuters.com@reuters.net))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.