Capital One Financial Corp. News

CFPB Drops Lawsuit Against Capital One Over Savings Rates

The Consumer Financial Protection Bureau dropped a Biden-era lawsuit against Capital One Financial Corp., the latest in a slew of enforcement actions pulled under the Trump administration. The consumer watchdog dismissed the lawsuit with prejudice, meaning it cannot be reopened, …

Capital One Sued for Misleading Customers on Savings Rates

Capital One Financial Corp. misled customers when it rolled out a new savings account with a higher interest rate it didn’t also give to existing savings accounts, the Consumer Financial Protection Bureau said Tuesday in a lawsuit against the bank. …

Discover Agrees to Settle Class-Action Suit for Overcharging Merchants

Discover Financial Services, the credit-card firm that agreed to be acquired by Capital One Financial Corp., said it reached an agreement to resolve class-action litigation for overcharging merchants. The lender, which acknowledged the lapses last year, expects that the $1.2 …

Capital One Says Breach Hit 100 Million Individuals in U.S.

Capital One Financial Corp. said data from about 100 million people in the U.S. was illegally accessed after prosecutors accused a Seattle woman of breaking into the bank’s server at a cloud-computing company. The woman, Paige A. Thompson, was arrested …