Capital One sued by CFPB for allegedly cheating customers out of $2 billion
Capital One sued; Cheated customers out of $2 billion, feds said
Capital One allegedly cheated customers out of $2 billion in interest, CFPB claims
Capital One Made ‘Substantial Progress’ Resolving Outage—Here’s What To Know
The bank experienced a “technical issue” with a third-party vendor this week, impacting some account services like deposits and payment processing.
Capital One allegedly swindled savings account holders out of billions in interest income
Capital One is under fire for offering paltry savings account rates to current customers. Here’s what you need to know.
Capital One is having a tough week
It's been a tough week for Capital One, with a lawsuit and system outage hitting back-to-back as other big US banks enjoy positive headlines around stellar fourth-quarter earnings. On Tuesday, the Consumer Financial Protection Bureau sued the bank,
Capital One's technical woes worsen, with more bank accounts hit with deposit delays
"Guess I'll be eating ramen again tonight," tweets one customer on third day of issues linked to a data-center power outage.
Consumer bureau sues Capital One for ‘cheating’ customers on savings account interest
The government’s consumer watchdog sued Capital One on Tuesday for “cheating” customers out of billions in interest payments. The Consumer Financial Protection Bureau (CFPB) accused the banking
Capital One cheated customers out of $2 billion by keeping deposits in lower-yield accounts, CFPB says
The Consumer Financial Protection Bureau is suing Capital One, which it says kept customers in the dark about higher-yielding savings accounts.
Capital One outages delay bill payment, paycheck processing for thousands
Capital One customers faced outages that have prevented some from accessing direct deposits, paying bills and more.
Capital One technical glitch preventing customers from getting paid: ‘I’m hungry’
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 Is Accused of Cheating Customers Out of $2 Billion
Federal regulators said in a lawsuit on Tuesday that the giant bank deliberately underpaid savings account interest, even as rates rose.
Capital One outage drags into second day, leaving some customers without deposit access
The sun flares over the top of the Capital One logo outside of their corporate headquarters complex on Feb. 8, 2024, in McLean, Va. An outage affecting Capital One customers dragged into its second day Friday, further preventing some customers from accessing deposits, payments and transfers.
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This week in the economy
The problem of kids working in dangerous slaughterhouses continues to be a concern as the Labor Department announced its third agreement this week with a company in the industry agreeing to pay a penalty and reform its practices to help ensure it won’t hire underage workers again.