CFPB Sues Capital One, Alleging Misleading Promotion of ‘Highest' Rates
The Consumer Financial Protection Bureau (CFPB) sued Capital One Tuesday (Jan. 14), alleging that the bank promoted one savings account as offering one of the nation's “highest” interest rates at the same time it offered another one that paid out rates that were as much as 14 times higher.
Capital One (COF) Reports Next Week: Wall Street Expects Earnings Growth
Capital One (COF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
CFPB sues Capital One, alleges it misled consumers on savings rates
The Consumer Financial Protection Bureau announced it was suing Capital One for "cheating" customers out of more than $2 billion in interest. The agency said the banking giant used deceptive marketing to obscure differences in interest rates between two of its savings-account options.
Capital One Sued by CFPB Over Its Savings Accounts
The Consumer Financial Protection Bureau alleged the bank misled some of its customers by not paying them the rate it advertises on its main savings account.
U.S. Accuses Capital One Of ‘Cheating' Savings Account Holders Out Of $2 Billion In Interests
Financial regulators on Tuesday accused Capital One of “cheating” millions of customers of more than $2 billion in interest by freezing the rate on their accounts even as rates soared nationwide.
Capital One is sued by US regulator for avoiding billions in interest payments
Capital One was sued on Tuesday by the U.S. Consumer Financial Protection Bureau, which accused the bank of illegally avoiding the payment of more than $2 billion in interest to consumers who held its flagship "high interest" savings account.
Why Did Capital One Stock Rise 36% In The Last Year?
Capital One (NYSE: COF) stock has fared well, rising by about 36% since early 2024. This compares to the S&P 500 which remains up by about 22% over the same period.
Why Capital One (COF) is a Top Value Stock for the Long-Term
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3 Brilliant Ways to Regain Control of Your Finances, According to Suze Orman
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. One of the last things you want to lose control of is your finances. Unfortunately, according to Capital One, “73% of individuals in a survey from CreditWise by Capital One identified their finances as a major contributor to their stress levels. Financial stress is the emotional or physical reaction that someone experiences when they’re concerned about their financial situation.” If you fall into that camp, you can regain control. Key Points About This Article 73% of individuals in a survey from CreditWise by Capital One identified their finances as a major contributor to their stress levels. Suze Orman offers advice on how to regain control of finances, including getting rid of your credit cards, and stop worrying about what others think. Also: Take this quiz to see if you’re on track to retire (Sponsored) One, Stop Worrying About What Others May Think In fact, according to finance coach, Suze Orman, people tend to spend more money if they feel as if they’re financially insignificant. Many of these people will spend more to impress people with hope it’ll change how others view them. But stop worrying about what others think. Also, you have no idea what goes on behind closed doors of others. Two, Get Rid of Your Credit Cards Many of us think it’s easier to just charge everything until they get the bill, plus interest. According to LendingTree.com, Americans have about $1.166 trillion in debt, which is up from $1.142 trillion in the second quarter. Also, according to Experian, “the average credit card balance in the United States in 2024 is $6,699, a 5.3% increase from June 2023. The average monthly payment for credit card debt in 2024 is $1,212, which is a 5.9% increase from June 2023.” It’s better to get rid of credit cards if you can, and just use cash. Three, Be Charitable According to Suze Orman, “Being generous and helping someone in a worse financial place than you puts Orman’s number one law of money into effect,” says GoBankingRates.com. “You will feel more powerful and others will sense that, opening more doors to new opportunities.” Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored) Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today. Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month. Click here now to get started. The post 3 Brilliant Ways to Regain Control of Your Finances, According to Suze Orman appeared first on 24/7 Wall St..
Capital One - Discover Merger A Done Deal?
Capital One (NYSE: COF) announced last week that it had received approval from the Office of the Delaware State Bank Commissioner on Wednesday to acquire Discover Financial. This is seen as one of the key regulatory hurdles in the all-stock merger valued at $35.3 billion which was announced back in February.
Here's Why Capital One (COF) is a Strong Value Stock
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Capital One: Delaware's Approval Moves Discover Acquisition Closer to Completion
Capital One said Thursday (Dec. 19) that its previously announced acquisition of Discover Financial Services has moved another step toward completion by receiving approval from the Office of the Delaware State Bank Commissioner. The bank received that approval Wednesday (Dec. 18), it said in a Thursday press release.
