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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
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
Business
Lehigh Valley PNC Bank Slated For Permanent Closure Lehigh Valley PNC Bank Slated For Permanent Closure
Lehigh Valley PNC Bank Slated For Permanent Closure A PNC Bank branch in the Lehigh Valley area will soon close its doors permanently. The Northampton County branch at 2102 Main St. in Northampton is slated for closure, media relations manager Jason Beyersdorfer told DailyVoice.com. “We constantly evaluate our branches, together with our other available channels of banking, to ensure that they are most effectively meeting our customers’ needs,” Beyersdorfer said. While the Northampton branch will no longer be open, the change is more of a merger, as it will be “combined” into the Fullerton branch at 1300 3rd St. in Whitehall, Beyersdorfer e…

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by Valerie Musson
News
Bank Mysteriously Freezes Morris County College Student's Life Savings In Routine Bank Transfer Bank Mysteriously Freezes Morris County College Student's Life Savings In Routine Bank Transfer
Bank Mysteriously Freezes Morris County College Student's Life Savings In Routine Bank Transfer A 24-year-old Morris County man lost his job then his life savings during the pandemic. If not for ABC7's 7 On Your Side, Andrew Alexander of Morristown may not have ever seen the funds again, the media outlet reports. Alexander, 24, signed himself up for college courses after his employer closed due to COVID-19. In the meantime, he worked as a personal trainer. Hoping to get $700 as part of a Citibank promotion, Alexander opened a new account just before Christmas and transferred over $50,000 from his Chime account -- leaving the remaining $30,000 of his life savings with Chime. Th…

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by Cecilia Levine
Police & Fire
Glen Rock Businesswoman Gives Brokerage Firm Bank Info, Loses $5,400, Police Say Glen Rock Businesswoman Gives Brokerage Firm Bank Info, Loses $5,400, Police Say
Glen Rock Businesswoman Gives Brokerage Firm Bank Info, Loses $5,400, Police Say A Glen Rock entrepreneur lost $5,400 after she gave her bank account information to a brokerage firm, authorities said. The victim told police she applied for a business loan with two different brokerage firms, providing one of them with the username and password to her bank account, Police Chief Dean Ackermann said. Both lenders apparently deposited funds in her account that exceeded the loan amount, he said. “When she attempted to return the excess funds, she was notified by her bank that a fraudulent transaction had occurred,” the chief said. Borough detectives were investigating.

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by Jerry DeMarco
Police & Fire
Cleaning Service Worker Stole $1,105 From 3 Glen Rock Homes, Possibly Others, Police Say Cleaning Service Worker Stole $1,105 From 3 Glen Rock Homes, Possibly Others, Police Say
Cleaning Service Worker Stole $1,105 From 3 Glen Rock Homes, Possibly Others, Police Say A cleaning service employee altered and cashed $1,105 worth of checks stolen from three different Glen Rock homes, said police who suspect similar thefts in other towns. Detective Lucas Doney identified and busted 39-year-old Monica Gonzalez of Hopatcong after the cleaning service owner told police that she “suspected one of her employees of stealing checks from clients’ homes,” Police Chief Dean Ackermann said Monday. Gonzalez – who didn’t maintain a consistent address -- took 10 checks in all from the three homes, the chief said. It’s believed she also stole from homes in other towns, he…

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by Jerry DeMarco