U.S. watchdog sues Capital One, alleging bank cheated customers out of $2 billion
The CFPB claims Capital One intentionally kept news of its higher-yield savings accounts from members with lower-yield savings accounts.
capital one
Capital One is buying Discover in a deal worth $35 billion
The companies are teaming up, in part, to expand their payment network. Discover is the smallest of the four U.S.-based payment networks, which also include Visa, American Express and Mastercard.
People hate overdraft fees. Banks are ditching or reducing them
Capital One says it will stop charging overdraft fees and Bank of America is reducing them. These hefty fees hit people with low incomes the hardest.
Trump Sues 2 Banks To Block Democrats From Investigating His Finances
The lawsuit seeks to prevent Deutsche Bank and Capital One from responding to subpoenas from two House panels seeking personal financial documents related to the president, his family and his company.