Capital One

How You Can Benefit From the Capital One Settlement

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 to Refund Customers $150 Million to End Card Probe

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.

Phishers Are Getting Smarter, But So Are E-Cops

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."

The Best Rewards Cards You've Never Heard Of

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.

Prepaid Cards: Which Ones Are Worth the Fees

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.

Fewer Deadbeats = Higher Profits for Capital One

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. Trefis already thought COF stock was undervalued: See what they think the stock's upside is in light of this trend.

Capital One to Buy ING Direct USA in $9 Billion Deal

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.

Ease Pain at Pump With Gas Station Credit Cards?

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.

More People Repaid Credit Card Debt in October

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.

Capital One Says Credit Card Defaults Rose Slightly in September

Capital One (COF) said its credit card defaults rose slightly in September, a sign that more people may be struggling to repay their debts. Capital One said its annualized net charge-off rate, a measure of the debts the company does not expect to ever be paid off, was 8.38% in September, Reuters reported. The rate was 8.19% in August.

Would Rating Downgrades Clip Bank Profits?

Moody's is reviewing 10 large regional banks for possible downgrades because it thinks financial reform means total government support is now less likely. That's setting off a debate about whether those banks will actually take a hit to profitability.