The Consumer Financial Protection Bureau says the barbarians and/or vikings at Capital One went too far in pressuring and misleading the bank’s credit card customers into paying for add-on products like payment protection and credit monitoring. Thus, around two million Cap One customers will be sharing in a refund of $140 million. [More]
Capital One To Refund $140 Million To Customers Misled Into Buying Unwanted Add-Ons
By July 18, 2012
Report: Fed Concerned Capital One/ING Direct Merger Could Create Another Too-Big-To-Fail Bank
By September 12, 2011
Back in July, Capital One announced a deal to purchase online bank ING Direct USA for around $9 billion. And even though Cap One tried hard to quell ING customers’ screams of “nooooooo,” the folks at the Federal Reserve are reportedly a bit worried that the deal might create another bank so big that its failure would have a disastrous impact on the economy. [More]
Subprime Credit Cards Are Back, Now With Extra Interest!
By January 13, 2011
After a couple years of hiding in the shadows, credit cards targeted at consumers with less-than-stellar credit ratings are once again making a push to gain new customers. [More]
Lawsuit: Capital One Sent Me Letter Demanding $286 Million
By December 13, 2010
A woman in Pennsylvania has filed a lawsuit against Capital One after a dispute over a few thousand in credit card debt spiraled out of control until, she alleges, it culminated in the credit card company sending her a letter demanding the immediate payment of more than $286 million. [More]
Capital One Made Me Different Loan Offers Depending On Which Browser I Used
By November 1, 2010
Devin says Capital One’s online car loan rates differ depending on which browser you use to go loan-hunting. Apparently the bank’s loan-offering robot doesn’t think much of Firefox users. [More]
