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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