Capital One Financial reported a 60% rise in fourth-quarter profit on Tuesday, as a higher income from interests helped the consumer lender. Consumer spending has remained strong on hopes of a soft landing for the economy and falling interest rates,

Capital One Financial Corp. posted a higher fourth-quarter profit as net interest margins widened and credit-card loans increased.

Capital One had a major service outage last week that left many without access to their accounts. Now, it also faces a lawsuit from CFPB.

The company said a technical issue with a third-party vendor was to blame for a disruption with deposits and payment processing that stretched into the weekend.

A “technical issue” of a third-party vendor that Capital One uses is affecting some of the bank’s customers to access deposits and other services.

Capital One users were reporting issues with receiving their deposits on Thursday morning, leaving many customers wondering where their money and paychecks are. Complaints on social media were pouring in via the @AskCapitalOne customer service account on X, formerly Twitter.

An outage affecting Capital One customers dragged into its second day Friday, further preventing some customers from accessing deposits, payments and transfers. In an afternoon statement, the bank said it was still restoring systems that had been taken offline due to a technical issue with a third-party vendor.

The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.

As a result, Renaissance expects a banner year for IPOs, with an estimated volume range of 155 to 195 IPOs in 2025 and $40 billion to $55 billion in new funding as the market "normalizes" in 2025.

A Cedar Rapids nursing home where a worker stole and then consumed residents’ painkillers while on duty is facing $1,000 in fines.

Officials in charge of security for the inauguration still don't know who will be allowed to enter Capital One Arena for the celebration.