Banking
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Capital One Debit Cards Switch to Discover Network
Capital One is switching its debit cards from Mastercard to the Discover payment network. If you have a Capital One debit card, then you might have received a new card in the mail in recent days, or will receive one soon.
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Capital One to Pay $425 Million Settlement Over Misleading Savings Account Practices
Capital One has agreed to a $425 million settlement to resolve a class-action lawsuit that accused the bank of misleading customers about interest rates tied to its savings accounts.
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Capital One Receives Fed Approval for Discover Acquisition
Capital One’s $35 billion acquisition of Discover got the greenlight from bank regulators on Friday, who noted the approval was conditional.
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Fidelity Bloom App Shutting Down March 30th
The Fidelity Bloom app is shutting down. You can no longer sign up for Fidelity Bloom, but current accounts will continue to be supported until mid-2025.
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CFPB Drops Lawsuit Against Chase, Bank of America and Wells Fargo Over Zelle Fraud
The CFPB said in a statement that it “dismisses this action against Defendants Early Warning Services, LLC, Bank of America, N.A., JPMorgan Chase Bank, N.A., and Wells Fargo Bank, N.A., with prejudice.”
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CFPB Sues Capital One Over Deceptive Practices That Cost Savings Customers $2 Billion in Interest
The Consumer Financial Protection Bureau (CFPB) has sued Capital One for cheating millions of consumers out of more than $2 billion in interest.
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American Express Business Checking to Reinstate 2.7% Foreign Transaction Fee
Effective on February 21, 2025, American Express will re-instate the Foreign Exchange Fee on ATM and Debit Card Transactions. The Foreign Exchange Fee is 2.7% of the transaction amount.
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85,000 Yotta Accounts and $112 Million in Funds Locked Due to Synapse Meltdown
The abrupt shutdown and bankruptcy of financial technology company Synapse is causing major trouble for many other companies such as Yotta and their customers.
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Chime Closing Accounts Again for No Reason
Chime is once again closing more accounts for no specific reason. This happened a couple of years ago as well, and that’s when they closed my account.
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CFPB Proposes Rule to Limit Overdraft Fees to As Low As $3
The Consumer Financial Protection Bureau (CFPB) has proposed a rule to limit excessive overdraft fees charged by the nation’s biggest financial institutions.
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Does Chase Match Bank Account Bonuses?
Chase will match better account bonuses if you have opened your account within the last 21 days. Call, send a message or visit a branch.
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American Express Shutting Down Kabbage Checking Accounts
American Express has notified Kabbage Checking account holders today that their accounts will soon shut down.
