In short, the CFPB alleges Capital One misled consumers regarding its savings accounts, resulting in over $2 billion in lost interest. The suit centers on the bank’s alleged deceptive marketing of its “360 Savings” account, which offered significantly lower interest rates than its “360 Performance Savings” account, while employing tactics to obscure the superior option from customers. Capital One denies these allegations and asserts its marketing was transparent. The lawsuit precedes a change in administration, prompting a strong denial from Capital One.
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UnitedHealthCare has been ordered to pay $165 million for misleading Massachusetts consumers. This substantial sum stems from a state court ruling that found the company engaged in widespread deceptive practices, leading thousands of residents to unknowingly purchase supplemental health insurance policies. The sheer scale of the deception underscores a serious ethical lapse and raises questions about the effectiveness of current regulatory mechanisms.
The court’s decision, however, is far from universally viewed as a sufficient punishment. Many argue that the $165 million fine is a mere fraction of the ill-gotten gains UnitedHealthCare reaped from its fraudulent activities. The scale of the company’s profits dwarfs this penalty; the fine is essentially a negligible cost of doing business for a corporation of its size.… Continue reading
President-elect Trump is suing pollster J. Ann Selzer, The Des Moines Register, and Gannett, alleging violations of the Iowa Consumer Fraud Act due to a pre-election poll showing Kamala Harris with a surprising lead in Iowa. This lawsuit, while unlikely to succeed, is part of Trump’s broader campaign against what he views as left-leaning media coverage. The suit claims the poll’s results constituted election interference, despite the poll’s methodology being unremarkable and Trump ultimately winning Iowa by a significant margin. Legal experts widely condemn the lawsuit as a baseless attack on the First Amendment and a chilling tactic against the press.
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John Q. Hosedrinker 
Matt Underwood