American Express Settles With DOJ

Details Written by: RJ   CNBC is reporting on an American Express settlement with the DOJ American Express will pay a total of about $230 million to resolve federal wire fraud investigations, and to settle civil allegations of deceptive marketing, the company said Thursday. Separately, the banking giant will pay $108.7 million to resolve civil…

Goldman Sachs Apple Card Deal May End Early

Details Written by: RJ In a recent Reuters interview, Goldman Sachs top boss says the Apple Card contract could end early: “We have a contract with Apple to run that partnership until 2030, although there’s some possibility that it won’t continue until that time frame,” Solomon told analysts on an earnings call. MacRumors Thoughts Don’t…

CFPB Sues Capital One

Details Written by: RJ WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) sued Capital One, N.A., and its parent holding company, Capital One Financial Corp., for cheating millions of consumers out of more than $2 billion in interest. The CFPB alleges that Capital One promised consumers that its flagship “360 Savings” account provided…