On January 14, 2025, the federal government sued Capital One, accusing it of deceptive practices related to its “360 Savings” accounts.
"Guess I'll be eating ramen again tonight," tweets one customer on third day of issues linked to a data-center power outage.
FOX Business reached out to Capital One for comment. It’s the latest blow to the financial institution, which is being sued by the Consumer Financial Protection Bureau (CFPB) for allegedly misleading customers by not notifying them of account options that paid higher interest rates.
Capital One's five-day interruption, President Trump's planned dismantling of the Consumer Financial Protection Bureau and more this month.
You’d expect the Mafia to be debanked, but when even members of the PayPal Mafia are debanked on a whim, it’s time to sound the alarm. In 2019, Roelof Botha—Managing Partner at Sequoia Capital and an
Consumers and businesses alike face a growing challenge: navigating unfair practices like hidden fees, unauthorized charges, and biased decision-making. Traditional dispute resolution methods often drag on for weeks or months,
Synchrony Financial (NYSE: NYSE:SYF), a leading consumer financial services company, has demonstrated remarkable resilience in the face of regulatory challenges and economic uncertainties. As of January 30,
Synchrony Financial partners with retailers and medical providers to offer promotional financing as well as private-label and co-branded general-purpose credit cards. While the company’s CareCredit cards and installment loans have consistently performed well,
Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
With Hoosier employees increasingly using payment tools that let them tap earned wages before a regularly scheduled payday, an Indiana lawmaker is proposing a new framework to regulate the “earned
(Reuters) -Wells Fargo said on Tuesday a U.S. regulator has terminated a 2022 punishment, bringing it a step closer to having the $1.95 trillion asset cap imposed on the bank removed.
The CFPB ordered Block to update its business practices to comply with the law, pay between $75 and $120 million to users whose unauthorized transfers weren't investigated and send a $55 million penalty to the CFPB's victim relief fund. Block agreed to the settlement but disagreed with the CFPB's characterizations of the company's actions.