Tag #Capital One

Showing 1 to 8 of 8 results

forbes.com
🌐 85% Global Worthiness
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Reduced White-Collar Crime Investigations Cost New York Customers Millions

The Trump administration's reduction in white-collar crime investigations, including the dropping of a CFPB lawsuit against Capital One for allegedly misleading customers about savings account interest rates, potentially cost New York customers millions of dollars in interest, prompting the NY Attor...

Progress

40% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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Capital One-Discover Merger Clears Key Regulatory Hurdle

The Justice Department approved a $35 billion merger between Capital One and Discover, potentially creating the nation's largest credit card issuer, despite concerns about increased consumer fees and reduced competition; however, final approval rests with the Federal Reserve and the Office of the Co...

Progress

48% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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Capital One Stock Rises on Discover Acquisition, Despite Rising Charge-Offs

Capital One's stock has risen 36% since early 2024, exceeding the S&P 500's performance, largely due to investor optimism surrounding its acquisition of Discover Financial, a deal expected to close in early 2025; however, rising charge-offs and delinquencies present a short-term risk.

Progress

36% Bias Score

Reduced Inequality
nbcnews.com
🌐 85% Global Worthiness
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CFPB Sues Capital One for Allegedly Deceiving Consumers on Savings Account Interest Rates

The CFPB is suing Capital One for allegedly misleading consumers about savings account interest rates, resulting in over \$2 billion in lost interest; Capital One denies the allegations.

Progress

56% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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Capital One Launches Software Arm, Capitalizing on Internal Data Management Innovations

Capital One launched Capital One Software, a commercial arm selling its data management solutions, initially Slingshot for Snowflake optimization and Databolt for secure data tokenization, addressing market needs identified during its internal cloud migration and leveraging its experience from a 201...

Progress

48% Bias Score

Industry, Innovation, and Infrastructure
forbes.com
🌐 85% Global Worthiness
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Bank Employee Fraud Highlights Systemic Data Security Failures

A TD Bank employee's involvement in a nearly $500,000 check fraud scheme, using stolen customer data, reveals a pattern of bank employee fraud and inadequate data security, prompting calls for stronger regulation and oversight.

Progress

56% Bias Score

Reduced Inequality
cnn.com
🌐 85% Global Worthiness
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CFPB Sues Capital One for Allegedly Cheating Millions of Consumers Out of Billions in Interest

The CFPB is suing Capital One for allegedly defrauding millions of customers by failing to pay over \$2 billion in interest on its 360 Savings accounts between 2019 and mid-2024, while simultaneously offering a higher-yielding account, leading to a lawsuit seeking restitution for harmed consumers an...

Progress

48% Bias Score

Reduced Inequality
cnbc.com
🌐 85% Global Worthiness
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UBS Upgrades Capital One and Discover Following $35.3B Acquisition

UBS analyst Erika Najarian upgraded Capital One and Discover to "buy" following Capital One's $35.3 billion acquisition of Discover, expecting significant earnings growth and increased operating efficiency, closing in early 2025, creating a vertically integrated payments platform.

Progress

48% Bias Score

Decent Work and Economic Growth

Showing 1 to 8 of 8 results