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Banking

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 …
Would-Be Victim Foils Attempted Phone Scammer In Inwood, Police Say Would-Be Victim Foils Attempted Phone Scammer In Inwood, Police Say
Would-Be Victim Foils Attempted Phone Scammer In Inwood, Police Say A quick-thinking Long Islander avoided falling victim to an alleged phone scammer. The 73-year-old Inwood woman contacted Nassau County Police on Wednesday morning, Oct, 2, saying a man had called her claiming to work for her bank’s fraud department. During the call, he told the woman there were fraudulent charges on her bank card and they would arrange for someone to pick up the card from her home. Fortunately, the woman realized she was being scammed and contacted detectives. Eight hours later, police located the suspect, 28-year-old Darren Saunders, of Brooklyn, and arrested him witho…
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 …