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Capital One

Business
Zelle Left Users Open To $1B In Scams, NY AG Says Zelle Left Users Open To $1B In Scams, NY AG Says
Zelle Left Users Open To $1B In Scams, NY AG Says The operator of Zelle is accused of designing the popular payment app without basic safeguards, allowing scammers to steal more than $1 billion from users. A lawsuit filed against Early Warning Services, LLC (EWS) by New York Attorney General Letitia James’ office Wednesday, Aug. 13, alleges the company failed to protect users from scams. EWS operates Zelle and is owned by a consortium of some of the country’s largest banks, including JPMorgan Chase, Bank of America, Capital One, and Wells Fargo. According to the complaint, EWS launched Zelle in 2017 without critical safeguards, making it …

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by Michael Mashburn
Police & Fire
Hudson County Postal Worker Stole Credit Cards On Her Mail Route, Cops Say Hudson County Postal Worker Stole Credit Cards On Her Mail Route, Cops Say
Hudson County Postal Worker Stole Credit Cards On Her Mail Route, Cops Say A U.S. postal employee from Union City has been charged in connection with a credit card fraud scheme that targeted local residents on her North Bergen mail route, authorities said. Eirin Novas, 39, was arrested Friday, July 25, and charged with credit card theft, fraudulent use of credit cards, and conspiracy, North Bergen Police Chief Robert J. Farley Jr. said in a press release Friday, Aug. 1. Awilda Taveras-Bido, 46, of Newark, was also charged with credit card theft, fraudulent use of credit cards, intent of cardholder to defraud, and conspiracy. She was arrested and released on a summ…

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by Cecilia Levine
News
More Travelers Using Credit Card Perks Amid Trump Tariffs, Study Says: Here's How More Travelers Using Credit Card Perks Amid Trump Tariffs, Study Says: Here's How
More Travelers Using Credit Card Perks Amid Trump Tariffs, Study Says: Here's How As summer travel heats up and President Donald Trump's tariffs weigh on Americans, many vacationers are looking to credit card perks to reduce costs. WalletHub released two studies about rental car and travel insurance benefits on Tuesday, June 24. About 43% of Americans said Trump's tariffs will push them to explore credit card travel benefits. These sometimes overlooked perks can add up to big savings, especially for residents in high-cost states across the Northeast. "Tariffs and inflation have travelers feeling a bit antsy, and many are turning to long-overlooked credit …

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by Chris Spiker
Business
Walmart Creates New Credit Cards Through Its Own Financial Firm: What To Know Walmart Creates New Credit Cards Through Its Own Financial Firm: What To Know
Walmart Creates New Credit Cards Through Its Own Financial Firm: What To Know Walmart is using its own financial technology startup to launch a major credit card program. Synchrony Financial and the Walmart-backed firm OnePay announced the new Mastercard on Monday, June 9. The move comes after Walmart ended its previous credit card partnership with Capital One years ahead of schedule. Walmart had leaned on Capital One as its exclusive credit card issuer since 2018, but sued to exit the agreement early in 2023, CNBC reported. Capital One later claimed Walmart wanted to end the contract to shift transactions to OnePay. At the time the partnership ended, the Walma…

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by Chris Spiker
Business
NY AG Sues Capital One Over $2B+ Savings Scheme After Trump's CFPB Dropped Case NY AG Sues Capital One Over $2B+ Savings Scheme After Trump's CFPB Dropped Case
NY AG Sues Capital One Over $2B+ Savings Scheme After Trump's Cfpb Dropped Case New York's attorney general is reviving a major consumer protection case that federal regulators dropped shortly after President Donald Trump returned to office. Attorney General Letitia James announced the lawsuit against Capital One on Wednesday, May 14. The suit accuses the banking giant of misleading savings account customers and withholding millions in interest. According to the lawsuit, Capital One used "bait-and-switch" tactics by advertising its 360 Savings account as a high-interest option. The company then secretly offered far better rates to new customers through a…

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by Chris Spiker
Business
Capital One's $35B Merger With Discover Approved: Here's What Customers Should Know Capital One's $35B Merger With Discover Approved: Here's What Customers Should Know
Capital One's $35B Merger With Discover Approved: Here's What Customers Should Know Capital One's $35.3 billion acquisition of Discover received its final approval, clearing the way for a megamerger that reshapes the credit card and payments industry. The Federal Reserve's board approved the deal on Friday, April 18. The merger brings together two of the country's top credit card issuers, giving Capital One control of Discover's global payments network of 70 million merchant locations in more than 200 countries. The acquisition – first announced in February 2024 – is expected to close Sunday, May 18, the companies said in a joint news release. "This is an exciting mo…

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by Chris Spiker
Business
CFPB Drops Capital One Lawsuit As Trump, Musk Target Federal Watchdog CFPB Drops Capital One Lawsuit As Trump, Musk Target Federal Watchdog
Cfpb Drops Capital One Lawsuit As Trump, Musk Target Federal Watchdog The Consumer Financial Protection Bureau has dropped a lawsuit against Capital One as concerns grow about the federal agency's future. The CFPB will no longer pursue legal action against Capital One, according to a court filing on Thursday, Feb. 27. The case, filed in January, claimed the banking giant misled customers and withheld more than $2 billion in interest payments. The company based in McLean, Virginia, supported the dismissal. "We welcome the CFPB's decision to dismiss this action, which we strongly disputed," a Capital One spokesperson said in a statement to the Daily Voice…

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by Chris Spiker
Business
Capital One Kept $2B In Savings Account Interest From Banking Customers, CFPB Suit Says Capital One Kept $2B In Savings Account Interest From Banking Customers, CFPB Suit Says
Capital One Kept $2B In Savings Account Interest From Banking Customers, Cfpb Suit Says The federal government is suing Captial One, accusing the banking giant of deceiving consumers and withholding more than $2 billion in interest payments on savings accounts. The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Capital One and its parent company, the agency said in a news release on Tuesday, Jan. 14. The CFPB accused Capital One of marketing its "360 Savings" accounts as offering some of the nation's highest interest rates but froze those rates while competitors' rates climbed. Simultaneously, the bank introduced a nearly identical product, "360 …

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by Chris Spiker
News
‘Walkout’ Thieves Continue To Victimize Area Bank Customers, Fort Lee Police Nab Four ‘Walkout’ Thieves Continue To Victimize Area Bank Customers, Fort Lee Police Nab Four
‘Walkout’ Thieves Continue To Victimize Area Bank Customers, Fort Lee Police Nab Four Plainclothed Fort Lee detectives captured a group of “walk out” thieves who’d been following bank customers and distracting them long enough to steal their money and other valuables, authorities said. Law enforcement agencies throughout the region have been kept busy by the thieves, who blend in with the local citizenry and identify people making large cash withdrawals from their banks, Fort Lee Police Capt. Edward Young said. They then employ various distraction tactics – puncturing tires, for instance – or simply follow victims to their homes and burglarize the residences when nobody’s ho…

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by Jerry DeMarco
Police & Fire
Clifton Moving Company Owner Jacked Up Fees Once He Had Clients’ Stuff Clifton Moving Company Owner Jacked Up Fees Once He Had Clients’ Stuff
Clifton Moving Company Owner Jacked Up Fees Once He Had Clients’ Stuff The owner of a number of moving companies admitted in court Wednesday that he forced clients to pay him more than originally agreed rates by holding their belongings hostage, the U.S. Attorney’s Office said. Clifton resident Rami Zubidat, 31, pleaded guilty to conspiracy to commit wire fraud. He is scheduled to be sentenced in November. Zubidat and his co-conspirators extorted hundreds of clients by first enticing them with lowball rates for moving services. Then, on the day of the move, once clients’ belongings were loaded on company trucks, Zubidat and his co-conspirators would demand up…

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by Paul Milo
Police & Fire
Lyft Driver Kidnapped At Gunpoint In Newark, Forced To Make Several Stops Lyft Driver Kidnapped At Gunpoint In Newark, Forced To Make Several Stops
Lyft Driver Kidnapped At Gunpoint In Newark, Forced To Make Several Stops Police in Newark are looking for a group of people who forced a ride share driver at gunpoint to take them to various locations in the area before robbing the driver, Public Safety Director Anthony Ambrose said.  The Lyft driver picked up a fare on the 700 block of S. 18th Street around 3:30 p.m. April 7. Three passengers, who may have been juveniles, entered the vehicle and one pulled the gun.  They first ordered the driver to take them to Capital One bank at 487 Springfield Ave., where two of the passengers entered as the third continued to hold the driver at gunpoint.  Ne…

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by Paul Milo
Police & Fire
6 Holdups In One Month: Serial Bank Robber From Passaic Gets 7½ Years 6 Holdups In One Month: Serial Bank Robber From Passaic Gets 7½ Years
6 Holdups In One Month: Serial Bank Robber From Passaic Gets 7½ Years A Passaic man was sentenced to 7½ years in federal prison Tuesday for robbing six banks in one month -- including a Wells Fargo branch in Clifton. Quentin Morales, 27 -- a/k/a “Quinton Morales” -- will have to serve nearly all of the term because there's no parole in the federal prison system.  Hours after the FBI posted a reward for his capture, state parole officers arrested Morales last summer. He eventually accepted a plea deal from the government. SEE: Passaic Man Admits Serial Bank Robberies Morales wore "some form of dark hat or head covering, a long-sleeved shirt or jacket, …

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by Jerry DeMarco
News
REPORT: This New Jersey Bank Is Not Serving People Of Color For Home Loans REPORT: This New Jersey Bank Is Not Serving People Of Color For Home Loans
Report: This New Jersey Bank Is Not Serving People Of Color For Home Loans New data found that nearly two-thirds of mortgage lenders are denying home loans for people are color at higher rates than for white people, the New York Times reports. The Center for Investigative Reporting found that the pattern is widespread across the U.S., but some lenders stood out more than others, the article says. TD Bank has several locations across Bergen and Passaic counties. None are specified in the New York Times article. TD Bank, with headquarters in Cherry Hill, was most likely to deny loan applications in 2015 and 2016, The Times says. The article says: TD Bank is more…

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by Cecilia Levine
Police & Fire
Six Holdups In One Month: Passaic Man Admits Serial Bank Robberies Six Holdups In One Month: Passaic Man Admits Serial Bank Robberies
Six Holdups In One Month: Passaic Man Admits Serial Bank Robberies CLIFTON, N.J. -- A Passaic man admitted robbing six banks in one month -- including a Wells Fargo branch in Clifton. Hours after the FBI posted a reward for his capture, state parole officers last summer arrested Quentin Morales, 25. Morales, 25, worn "some form of dark hat or head covering, a long-sleeved shirt or jacket, black or orange sunglasses, and/or what appeared to be prescription glasses" during the holdups -- and used a demand note each time, the FBI said at the time. “You are being robbed. Give me all your large bills. No alarms. No dye packs. You got 10 seconds,” rea…

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by Jerry DeMarco