Capital One had a major service outage last week that left many without access to their accounts. Now, it also faces a lawsuit from CFPB.
Capital One Financial shares gained 57% over past year, driven by strong Q4 results and hopes for easier regulatory approval. See why I maintain a hold on COF.
Capital One Financial reported a 60% rise in fourth-quarter profit on Tuesday, as a higher income from interests helped the consumer lender. Consumer spending has remained strong on hopes of a soft landing for the economy and falling interest rates,
A “technical issue” of a third-party vendor that Capital One uses is affecting some of the bank’s customers to access deposits and other services.
"Guess I'll be eating ramen again tonight," tweets one customer on third day of issues linked to a data-center power outage.
Capital One users were reporting issues with receiving their deposits on Thursday morning, leaving many customers wondering where their money and paychecks are. Complaints on social media were pouring in via the @AskCapitalOne customer service account on X, formerly Twitter.
Capital One Financial Corp. posted a higher fourth-quarter profit as net interest margins widened and credit-card loans increased.
The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
CEO Richard Fairbank told analysts executives have their "microscopes" out for any signs of trouble, but consumers remain "in a great place."
Thousands of Capital One users are still reporting issues of the financial corporation being down, impacting direct deposit and other services.
Donald Trump will be sworn in as the 47th president of the United States on Monday at an inauguration ceremony that has been scaled back due to a forecast of severe cold weather in the nation's capital.
"Efficiency was never the objective function," CEO Richard Fairbank said Tuesday. "It was one of the many benefits of a tech transformation."