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.

Many couldn’t access their accounts from Thursday through Saturday. Now, the bank faces a CFPB lawsuit.

A power outage and hardware failure at fintech FIS last week delayed deposits and payments at 27 banks, including Capital One.

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.

Washington’s Capital One Arena was in the global spotlight on Monday as the site of the presidential parade during the inauguration of Donald Trump. Capital One Arena is home to the Washington Capitals (NHL),

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.

More customers are making just the minimum payment on credit card balances instead of the full amount each month, said Capital One Chief Executive Richard Fairbanks, during the lender's earnings call.

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President Donald Trump wants to enact a sweeping, conservative agenda. House Speaker Mike Johnson could be key to getting that done.

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