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Same ole, Same ole in the US - Big Business Screwing Average Joe

Tanko

Tanko

Joined
Oct 27, 2021
Messages
54,687
Capital One lost a lawsuit after screwing savings account customers out of interest payments.
The worst part is, Capital One profited $2B with the scam but only has to pay out $425M.

It just shows, it's profitable for banks and big business to screw the public, even if they get caught.


 

JDS

JDS

Joined
Dec 11, 2021
Messages
54,695
Capital One lost a lawsuit after screwing savings account customers out of interest payments.
The worst part is, Capital One profited $2B with the scam but only has to pay out $425M.

It just shows, it's profitable for banks and big business to screw the public, even if they get caught.


My son uses Capital One thanks for posting this. I’ll send him the link to see if he was one who got fucked.
 

BigJay

BigJay

Joined
Oct 28, 2021
Messages
20,681
My son uses Capital One thanks for posting this. I’ll send him the link to see if he was one who got fucked.
Love me some class action settlements

I got $375 from a Wells Fargo one 7-8 years ago when they were adding things like opt-in overdraft without people knowing
 

JDS

JDS

Joined
Dec 11, 2021
Messages
54,695
@BMR Genie Did we lose the option to edit thread titles?
I was editing the original post, which normally allows you to edit the title too but.... NOPE. Can't touch the title.
Yes I brought this to Genies attention in a PM yesterday, things are still being ironed out.
 
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MinnesotaFats

MinnesotaFats

Joined
Nov 1, 2021
Messages
5,499
Existing customers get a 2x rate on all savings. Thats a FUKKING GREAT DEAL actually. They might be getting 8-9% now and although we'll get 50 points cut in Sept (100% lock that bet in) the FED rate isn't coming dramatically down any time soon.

CapitalOne will have to buy out those customers individually and its going to cost them....
 
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