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,
Federal regulators said in a lawsuit on Tuesday that the giant bank deliberately underpaid savings account interest, even as rates rose.
Capital One is under fire for offering paltry savings account rates to current customers. Here’s what you need to know.
"Guess I'll be eating ramen again tonight," tweets one customer on third day of issues linked to a data-center power outage.
The Consumer Financial Protection Bureau is suing Capital One, which it says kept customers in the dark about higher-yielding savings accounts.
Capital One is defending itself from the CFPB's claims that it cheated customers out of billions of dollars in interest payments.
Capital One customers faced outages that have prevented some from accessing direct deposits, paying bills and more.
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.
Nvidia (NVDA) on Monday quickly slammed newly released Biden administration rules to regulate chip sales to foreign countries.
Some Capital One users were still waiting to receive deposits and payments on Friday morning after the company experienced a processing disruption.
A technical glitch at Capital One has left thousands of banking customers unable to access their bank accounts, process payments, or receive direct deposits since Wednesday, January 15. The banking giant, which serves over 100 million clients across the U.S., Canada, and the U.K., is scrambling to resolve the problem that has persisted until today.