New York AG sues Capital One after Trump-led CFPB drops similar case

New York AG sues Capital One after Trump-led CFPB drops similar case


Key Points
  • New York Attorney General Letitia James sued Capital One on Wednesday, accusing the bank of “cheating” customers out of millions of dollars in interest payments.
  • The suit mimics litigation by the CFPB, which was dropped in February under the Trump administration.
  • “Big banks are not allowed to cheat their customers with false advertising and misleading promises,” James said in a statement.



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