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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
News
Employees Foil Attempted $85K Theft At Capital District Bank Employees Foil Attempted $85K Theft At Capital District Bank
Employees Foil Attempted $85K Theft At Capital District Bank Some observant employees at a Capital District bank are being credited with foiling a New York City man’s alleged attempt to fraudulently withdraw tens of thousands of dollars. In Rensselaer County, workers at the Berkshire Bank in North Greenbush called police shortly before 11:30 a.m. Saturday, July 9, with reports that a man was attempting to withdraw $85,000. The employees were suspicious about the man’s drivers license and thought he was acting “strangely,” according to North Greenbush Police. When the transaction was denied, the man reportedly requested to withdraw $5,000. Arriving …

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by Michael Mashburn