By now, you probably have heard that if you take out a home loan from Capital One, you’ll have to pay back a significant portion of the loan as interest.
However, it turns out that if your lender gives you a loan that offers interest at all, it’s not the interest rate that’s really the problem.
Instead, it may be that you’re receiving a loan rate that is significantly higher than the rate offered by your lender.
While this might not be the case for all borrowers, Capital One is a company that has been a frequent target of critics over the years.
For example, last month, a Federal Trade Commission complaint was filed against the company, alleging that the company was selling loans at inflated interest rates that were higher than what the bank was charging.
In the complaint, the FTC said Capital One had “repeatedly violated its customer’s rights under the Federal Credit Reform Act by engaging in a pattern of deceptive and unfair business practices.”
While the FTC’s complaint against Capital One has not been confirmed by the Justice Department, the Consumer Financial Protection Bureau has said that the complaint is based on a complaint from a customer who filed it with the agency, which is one of several regulatory agencies investigating the company.
In addition to the FTC complaint, Capital one is under scrutiny by the Federal Trade Commissioner.
Last month, the agency said it was investigating claims that Capital One was “fraudulently and unlawfully” charging borrowers interest rates higher than that offered by other banks.
In a statement to Business Insider, a Capital One spokesperson said that it “has a zero-rate policy and does not charge interest rates more than the minimum loan payment.
If borrowers have any questions about the terms of their Capital One loan, please contact their financial institution directly.
Capital One’s goal is to provide an excellent experience to its customers, and we do not take a position on whether a borrower should or should not take out their loan.
If you have questions about your Capital One home loan, we encourage you to contact your lender.”