New York Attorney General Letitia James is under scrutiny for alleged mortgage fraud and financial misconduct, with accusations that she misrepresented her primary residence at 604 Sterling St, Norfolk VA to secure a $219,780 mortgage in August 2023. These claims, reported by Judicial Watch and Sam Antar, also include allegations of failing to disclose financial liabilities in official documents, leading to a referral to the Department of Justice. In a separate legal action, James has filed a lawsuit against Capital One in Manhattan federal court, alleging that the bank cheated customers out of millions of dollars in interest payments. The lawsuit claims that Capital One marketed its '360 Savings' account as high-yield but failed to inform customers about the new '360 Performance Savings' product, which offered interest rates as high as 4.35% compared to the 0.3% rate of the 360 Savings account, resulting in significant financial losses for New Yorkers. The legal action against Capital One follows the Trump administration's decision to drop a similar case initiated by the Consumer Financial Protection Bureau (CFPB). James's lawsuit seeks restitution and damages for affected customers, highlighting a pattern of alleged deceptive practices by the bank.
Letitia James wants you to rush her $25 donation… Because apparently $10 million in taxpayer-funded legal defense isn’t enough to cover for decades of deception. Let’s recap what “defending the rule of law” means in Tish-world: ➤ In August 2023, she declared her intention to https://t.co/iphvFSRD2X
New York sues Capital One for cheating savings depositors --Reuters they accused the bank of cheating depositors with its flagship "high interest" savings accounts out of millions of dollars in interest https://t.co/F68NGR6cZH
BREAKING: New York Attorney General Letitia James is suing Capital One, accusing the bank of cheating customers out of millions of dollars in interest payments. She is launching the case after the Trump administration dropped a similar suit against the financial giant.