The Capital One Financial settlement with U.S. regulators over deceptive marketing of credit card "add-on products" means a lot to all consumers, not just Capital One customers, according to consumer advocates.
Capital One Bank will pay $210 million to settle charges that it pressured credit card customers to buy costly add-on services like payment protection and credit monitoring. About $150 million of that fine will go directly to 2.5 million of its customers.
Traditional phishing -- where hackers attempt to acquire personal data from individuals in hopes of defrauding them -- is bad enough. But even more alarming is the rise of a new kind of attack: "spear phishing."
Looking for a credit card that pays better rewards: You may be shopping in the wrong place. Rewards offered by traditional credit cards have been shrinking. Yet there is a certain class that offers consumers a better deal.
CardHub.com recently put five of the most well-known prepaid card issuers under the microscope to see how useful their products are based on fees and features. Which offers the best deal? The answer might surprise you. But the real question is should you use a prepaid card at all.
Capital One's credit card charge-off rate -- the percentage of debt that it's unable to collect -- fell to 4.97% in April. That's the lowest default rate for the company since 2007. See why there might be some upside potential for the stock.
Capital One Financial Corp., which until now was best known for its credit cards, is poised to become a major online banking force. The Mclean, Va.-based company said Thursday that it will buy ING's U.S. online banking unit for $9 billion in a cash and stock deal.
The average American family will spend about $825 more for gas in 2011 than it did in 2010. But for every pain there is a pill, and in this case, a partial cure for the fill-'er-up blues may be to sign up for a gas station credit card. Done the right way, it can result in hefty savings. The key: paying off the balance at the end of each month.
Fourth-quarter 2010 earnings season ramps up this week. Analysts expect strong results from some big corporate names. And on the heels of last week's big earnings beat from JPMorgan Chase, the financial sector will have plenty more results to peruse this week.
U.S. credit card delinquencies fell in October to the lowest levels of the year as more people were able to restart payments on their consumer debt, The Wall Street Journal reported, citing company filings.
Five of the six largest U.S. issuers of credit cards reported a drop last month in then percentage of credit-card balances deemed uncollectable. The drop suggests consumers may be making headway in their efforts to pay off their debts.











