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2 Aug 2012, 2:22 pm
8 – Also, last month, in a totally unexpected development, Capital One settled charges brought by U.S. banking regulators, by agreeing to pay $210 million because its call-center personnel misled consumers into paying untold tens of billions for extra credit card products. [read post]
2 Aug 2012, 11:02 am
Bloomberg reports that Capital One entered into an agreement with the Justice Department and the Comptroller of the Currency to pay $12 million to servicemembers for alleged violations of the Servicemembers Civil Relief Act (SCRA). [read post]
2 Aug 2012, 2:31 am
(In Germany you get generous benefits for one year, then basic support forever.) [read post]
1 Aug 2012, 8:16 pm
And big business was small business at one time. [read post]
1 Aug 2012, 1:38 pm
Banks have been trying to increase capital reserves for four years now. [read post]
1 Aug 2012, 7:52 am
After some analysis, the news media reported that Capital One was the eighth largest issuer but the number one complained about card. [read post]
1 Aug 2012, 3:15 am
Google is the one who really got Steve Jobs mad. [read post]
31 Jul 2012, 7:48 am
On the same day agency lawyers filed the complaint against Gordon under seal, they announced a $210 million settlement with Capital One Bank on charges of deceptive marketing. [read post]
31 Jul 2012, 2:00 am
Here is an excerpt: On July 18, 2012, the Consumer Financial Protection Bureau (the “CFPB”) announced its first public enforcement action — a Consent Order requiring Capital One Bank (the “Bank” or “Capital One”) to refund an estimated $140 million to two million consumers and pay a $25 million civil money penalty. [read post]
30 Jul 2012, 10:14 pm
One clue might be to look at what the World Bank actually does in China. [read post]
30 Jul 2012, 9:08 pm
One less worry. 5. [read post]
30 Jul 2012, 10:28 am
Capitalize, penalize/ capitalize, penalize All this is a confused merry-go-round of capital whose implications are probably understood by Ben Bernanke and by nobody else. [read post]
30 Jul 2012, 8:41 am
Another panelist who expressed dissatisfaction with Dodd-Frank was SunTrust Bank Inc. executive Mark Oesterle, who served as the Senate Banking Committee’s Republican chief counsel from 2001 until last year. [read post]
30 Jul 2012, 7:30 am
Prior to the conversion, the buildings consumed nearly one million gallons of No. 6 fuel oil annually. [read post]
30 Jul 2012, 4:30 am
No, not the kind you can take to the bank or get venture capital. [read post]
29 Jul 2012, 2:38 pm
Shenanigans happen in brute force capitalism--the kind we've had in place for the last few decades--until there is one dominant beast who controls everything. [read post]
28 Jul 2012, 10:54 pm
The same article had one reasonable sentence from Tom Porcelli, chief U.S. economist at RBC Capital Markets in New York. [read post]
27 Jul 2012, 11:32 am
Using Ezra Klein's interview of Barofsky, Yglesias writes: Team Tim would say that they're trying to create a well-capitalized banking system in order to bolster the broader economy. [read post]
26 Jul 2012, 11:14 pm
When converting RMB to a foreign currency at a Forex Bank, the bank is required to review whether the outbound capital is for investment or for regular payment. [read post]
26 Jul 2012, 7:09 am
One more… Okay, I’ll stop. [read post]