Capital One: Difference between revisions
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* In July 2012, Capital One was fined by the [[wikipedia:Office_of_the_Comptroller_of_the_Currency|Office of the Comptroller of the Currency]] and the [[wikipedia:Consumer_Financial_Protection_Bureau|Consumer Financial Protection Bureau]] for misleading millions of its customers, for example by requiring customers to pay extra for payment protection or credit monitoring when they took out a card.<ref>https://www.bbc.com/news/business-18893998</ref> The company agreed to pay $210 million to settle the legal action and to refund two million customers.<ref>http://pdf.secdatabase.com/1492/0001193125-12-305691.pdf</ref> | * In July 2012, Capital One was fined by the [[wikipedia:Office_of_the_Comptroller_of_the_Currency|Office of the Comptroller of the Currency]] and the [[wikipedia:Consumer_Financial_Protection_Bureau|Consumer Financial Protection Bureau]] for misleading millions of its customers, for example by requiring customers to pay extra for payment protection or credit monitoring when they took out a card.<ref>https://www.bbc.com/news/business-18893998</ref> The company agreed to pay $210 million to settle the legal action and to refund two million customers.<ref>http://pdf.secdatabase.com/1492/0001193125-12-305691.pdf</ref> | ||
* In September 2018, Capital One sponsored a tutorial on how to build a computer alongside The Verge that had multiple errors titled "How to Build a Custom PC for Editing, Gaming or Coding", and the video was removed due to backlash from the community.<ref>[https://www.youtube.com/watch?v=ZDbHnRWSXTk&t=1s https://www.youtube.com/watch?v=ZDbHnRWSXTk]</ref> In 2019, The Verge filed a DMCA | * In September 2018, Capital One sponsored a tutorial on how to build a computer alongside The Verge that had multiple errors titled "How to Build a Custom PC for Editing, Gaming or Coding", and the video was removed due to backlash from the community.<ref>[https://www.youtube.com/watch?v=ZDbHnRWSXTk&t=1s https://www.youtube.com/watch?v=ZDbHnRWSXTk]</ref> In 2019, The Verge filed a DMCA take-down notice to YouTube to remove all reposts of the original video, alleging copyright infringement. YouTube took down two of the videos, uploaded by YouTube channels BitWit and ReviewTechUSA, while applying a copyright "strike" to these two channels.<ref>https://arstechnica.com/tech-policy/2019/02/the-verge-briefly-censored-youtubers-who-mocked-its-bad-pc-building-advice/</ref> | ||
* In July 2019, Capital One publicly acknowledged a data breach of credit scores, credit limits, balances, payment history, and contact information of around 100 million clients.<ref>https://www.capitalone.com/digital/facts2019/</ref> | * In July 2019, Capital One publicly acknowledged a data breach of credit scores, credit limits, balances, payment history, and contact information of around 100 million clients.<ref>https://www.capitalone.com/digital/facts2019/</ref> | ||
* In January 2025, the Consumer Financial Protection Bureau accused Capital One of cheating savings account holders out of $2 billion, by "deceptive, abusive and illegal" practices which obscured the difference between the high-interest "360 Performance Savings" accounts vs. low-interest "360 Savings" accounts.<ref>https://www.nytimes.com/2025/01/14/business/capital-one-cfpb-lawsuit.html</ref> | * In January 2025, the Consumer Financial Protection Bureau accused Capital One of cheating savings account holders out of $2 billion, by "deceptive, abusive and illegal" practices which obscured the difference between the high-interest "360 Performance Savings" accounts vs. low-interest "360 Savings" accounts.<ref>https://www.nytimes.com/2025/01/14/business/capital-one-cfpb-lawsuit.html</ref> | ||
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== References == | == References == | ||
<references /> | <references /> | ||
[[Category: | [[Category:Capital One]] | ||