Capital One (COF) , one of the largest banks in the U.S. with over 100 million customers, recently saw a boost in profits. The company’s third-quarter earnings report for 2024 revealed that it generated a total net revenue of $10 billion,

Capital One is being sued by the US government’s consumer watchdog agency for “cheating millions of consumers” and not paying more than $2 billion in interest to holders of its high-interest savings accounts.

Capital One messed with certain saving accounts to confuse customers, costing them $2 billion, according to federal investigators.