Capital One

Banks are all revved up for boat, RV lending


Bank of the West intends to stop making indirect auto loans and will instead focus on financing purchases of boats and recreational vehicles. It’s just the latest example of a regional bank pouring more resources into the powersports sector.


Big banks want to make it easier to share consumer data with startups


The Clearing House is pushing contract terms that would give fintechs quicker access to consumers' financial information, but one large upstart has taken issue with the proposal's language.


Daley reunites with Scharf at Wells; Capital One demotes cybersecurity chief


The two previously worked at BNY Mellon in similar roles, Scharf as CEO and Daley as head of public affairs; Michael Johnson’s demotion follows the bank’s massive data breach in July.


Amex's immigrant assist, the Libor void, bank failures: Top stories of the week


New tech lets American Express instantly issue cards to immigrants; the end of Libor raises concerns about financial stability; regulators shutter banks in Kentucky and Ohio; and more from this week's most-read stories.


Capital One subpoenaed by N.Y., feds over taxi loans


The McLean, Va.-based company is under law enforcement scrutiny for loans that helped propel a boom and bust in the taxi medallion market in New York City.


Capital One's triple whammy


The credit card issuer, which recorded an 11% decline in net income last quarter, took one-time charges in connection with a U.K. sales scandal, the start of a new partnership with Walmart and a recent data breach.


Senators ask FTC to probe Amazon actions in Capital One breach


The Federal Trade Commission should look into whether Amazon’s failure to secure its services “constitutes an unfair business practice,” which would violate federal law, Sens. Elizabeth Warren and Ron Wyden wrote the agency's chairman.


Synchrony looks beyond the store-branded card for growth


The credit card lender responded to the closing of Toys R Us stores last year by issuing Synchrony-branded cards to the retailer's customers. Now it's testing a general-purpose card with a wider array of clients.


Could financial firms do more in response to data breaches?


Democratic lawmakers and consumer advocates say the remedies offered to consumers by firms like Capital One and Equifax are too difficult to access and not particularly helpful.


Capital One set to launch Walmart credit cards next week


The launch of the products comes more than a year after Capital One wrested the Walmart partnership from Synchrony Financial.