House speaker says Congress should look into credit card rate cap – report
House Speaker Mike Johnson (R-LA) told reporters on Tuesday that Congress should look into President Donald Trump's proposal...
Tag: COF
Capital One to provide $425M to customers in new settlement over 360 Savings accounts
New York Attorney General Letitia James commended a new settlement requiring Capital One Financial (COF) to provide $425M in...
Credit card interest cap will hurt banks, economy, consumers, Wall Street analysts say
President Donald Trump's move to place a 10% cap on credit card interest could affect more than just banks. It could affect...
Trump calls for a 10% cap on credit card interest rates for a year
President Donald Trump late Friday called for a one-year cap on credit card interest rates at 10%, effective Jan. 20, noting...
Net charge-offs jump, delinquencies barely nudge: November Credit Pulse
U.S. credit card net charge-offs jumped in November, while delinquencies barely moved, in a sign that lenders generally were...
Capital One CEO says consumers still resilient, talks Discover integration
Capital One Financial (COF) CEO Richard Fairbank said Tuesday that the U.S. consumers remains "in a pretty stable place, and...
Delinquencies, charge-offs rise as consumer sentiment weakens: October Credit Pulse
U.S. credit card delinquency rate and net charge-off rates increased month-over-month as consumer sentiment hit an all-time...
FDIC countersues Capital One over special assessment – report
The Federal Deposit Insurance Corp. sued Capital One Financial (COF), alleging that the bank didn't pay the full amount it...
Some Capital One debit-card users chafe at switch to Discover – report
Sporadic issues with the acceptance of debit cards that were switched to the Discover network after Capital One (COF)...
Capital One Financial raises dividend by ~33%
Capital One Financial (COF) declared $0.80/share quarterly dividend, 33.3% increase from prior dividend of $0.60. Forward...