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In March 2024, a settlement in the injunctive relief portion of the payment card interchange fee case was announced to reduce what are known as "swipe fees" for merchants in the U.S. This change, set to last five years, was expected to save retailers about $30 billion and mark the end of a long-standing legal battle over antitrust issues ...
By BETH PINSKER GLADSTONE NEW YORK, July 18 (Reuters) - The Capital One Financial (COF) settlement with U.S. regulators over deceptive marketing of credit card "add-on products" means a lot to all ...
Google is starting a payout for similar violations in its “Face Grouping” option — offering settlements of $200 to $400. Deadlines to file both of those claims have passed, but more may yet ...
Capital One Financial Corporation is an American bank holding company founded on July 21, 1994, and specializing in credit cards, auto loans, banking, and savings accounts, headquartered in McLean, Virginia with operations primarily in the United States. [2]
A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts — and “cheating" customers out of more than $2 billion in lost ...
The CFPB claims that Capital One used two similarly named products, 360 Savings and 360 Performance Savings, to create a two-tier system where existing savings account customers were purposely ...
The CFPB alleges that Capital One engaged in deceptive practices by promoting a savings account as offering one of the nation's "highest" interest rates while simultaneously offering another ...
Capital One increased the 360 Performance Savings interest rate from 0.4% in April 2022 to 4.35% in January 2024, while it lowered and then froze the 360 Savings rate at 0.3% between late 2019 and ...