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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
Police & Fire
NJ Man Charged In $44K Bad Check Scheme, Prosecutor Says NJ Man Charged In $44K Bad Check Scheme, Prosecutor Says
NJ Man Charged In $44K Bad Check Scheme, Prosecutor Says A 33-year-old Long Branch man previously accused in a $300,000 scam has been charged with stealing more than $44,000 from a local bank branch using a fraudulent check scheme, Monmouth County Prosecutor Raymond S. Santiago announced Wednesday, Feb. 26. Jacob Gindi is facing third-degree bad checks and third-degree theft by deception charges following an investigation by the Monmouth County Prosecutor’s Office (MCPO) Financial Crimes and Special Prosecutions Unit, Santiago said. The case began when Deal Police received a report in December 2024 of suspected fraudulent activity at a bank branc…

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by Cecilia Levine
Police & Fire
Teller Stole $75K From Wells Fargo In Elizabeth: Prosecutor Teller Stole $75K From Wells Fargo In Elizabeth: Prosecutor
Teller Stole $75K From Wells Fargo In Elizabeth: Prosecutor  A 28-year-old New Yok bank teller was arrested and charged on Wednesday, Jan. 22 with stealing $75,000 from a Wells Fargo branch in Elizabeth, authorities said. Tijah Williams-Rogers committed the theft between 2022 and 2023 while working at the bank, Union County Prosecutor William Daniel said. Rogers was charged with conspiracy to commit theft, theft, money laundering and unlawful computer access.  This investigation is ongoing, authorities said.

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by Sam Barron
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
Police & Fire
East Orange Man Gets Four+ Years For Stealing Checks From Mail: Feds East Orange Man Gets Four+ Years For Stealing Checks From Mail: Feds
East Orange Man Gets Four+ Years For Stealing Checks From Mail: Feds A 23-year-old East Orange man was sentenced to more than four years in prison on Tuesday, Oct. 1, after admitting to stealing checks from the mail, authorities said. From January 2020 to March 2022, Baba Diakite, Nasir Johnson and others conspired to steal checks from the mail in communities across New Jersey, US Attorney Philip Sellinger said. Diakite and his conspirators used misappropriated keys belonging to the U.S. Postal Service to access mail collection receptacles and steal envelopes that contained checks, Sellinger said.  After stealing the checks, Diakite and his conspi…

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by Sam Barron
Police & Fire
Woman Scammed At Newark Bank By Two Men: Police Woman Scammed At Newark Bank By Two Men: Police
Woman Scammed At Newark Bank By Two Men: Police A woman was scammed by two men out of $385 at a bank in Newark on the afternoon of Wednesday, Aug. 21, authorities said. At 4 p.m., police were called to a Citizens Bank at 255 Lafayette St. where a woman reported that upon exiting the bank, she was approached by two men who requested her financial help to claim their lottery winnings, Newark Public Safety Director Fritz Fragé said. The woman withdrew money from her bank account, and then additional funds were withdrawn following her interaction with the two men, Fragé said.  She was not forcibly removed from the location, F…

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by Sam Barron
News
Mass Global Tech Outage Grounds Flights, Causes Chaos With Banks, Stock Markets, Media Mass Global Tech Outage Grounds Flights, Causes Chaos With Banks, Stock Markets, Media
Mass Global Tech Outage Grounds Flights, Causes Chaos With Banks, Stock Markets, Media A major tech outage is causing issues worldwide, including grounding flights. Banks, stock markets, and media outlets are also being affected on Friday morning, July 19. An update by cybersecurity technology company CrowdStrike appears to be the cause of device outages for millions of Microsoft Windows device users. Several major US air carriers, including Delta, United, and Spirit are under a full ground stop, according to the FAA. "Several airlines have requested FAA assistance with ground stops until the issue is resolved," the agency said. Microsoft has said it is taking "mitigation …

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by Joe Lombardi