#capitalone

US Top News and Analysis | Capital One files lawsuit against alleged 'scam campaign' operators — for trademark infringement AI generated summary, Read the full article for complete information. Capital One has filed a federal lawsuit in the Eastern District of Virginia against ten unidentified “John Does” who operate large‑scale robocall and telemarketing scams that illegally use the Capital One and Discover trademarks; the complaint alleges the defendants pose as bank representatives, warning customers of suspicious charges and prompting them to confirm transactions or personal information, thereby misleading and deceiving consumers nationwide. The bank says it is leveraging trademark and false‑advertising law not only to seek damages but, more importantly, to expose and deter the perpetrators and the infrastructure that enables such imposter scams—a fraud category that generated over one million FTC complaints and $3.5 billion in losses last year. Capital One’s vice‑president of fraud strategy, Chad Miller, notes that private litigation adds a new layer of enforcement alongside regulators, allowing the company to gather information through discovery and disrupt scam networks, while experts advise consumers to stay vigilant, verify communications, and use call‑blocking tools to protect themselves. Read more: https://www.cnbc.com/2026/05/13/capital-one-lawsuit.html #CapitalOne #ChadMiller #districtcourt #JohnDoes

US Top News and Analysis | Savings rates drop even without Fed cuts. Here’s where you can still earn 4% on your cash AI generated summary, Read the full article for complete information. Savings rates are slipping even though the Federal Reserve kept its benchmark rate steady at 3.5%‑3.75% in its latest meeting, prompting several major banks—Capital One, Synchrony, Marcus by Goldman Sachs and Ally—to cut the APYs on their high‑yield savings accounts. Meanwhile, Bread Financial and LendingClub are still offering around 4% but are expected to trim rates soon, as they sit well above the peer median. Online banks continue to outpace traditional institutions, with 12‑month CDs from Marcus yielding 4% and shorter‑term CDs from Bread Financial and LendingClub offering 4.15%; longer‑term CDs from American Express and Sallie Mae reach 4% as well. Building a CD ladder across varying maturities can provide flexibility and higher yields, while money‑market funds remain just under 4% (the Crane 100’s 7‑day yield was 3.47% on Tuesday). Read more: https://www.cnbc.com/2026/04/29/savings-rates-drop-even-without-fed-cuts-heres-where-you-can-still-earn-4percent-on-your-cash.html #FederalReserve #VincentCaintic #CapitalOne #Synchrony #GoldmanSachs #AllyFinancial #BTIG #BreadFinancial #LendingClub #AmericanExpress #