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Capital One sued by US CFPB for avoiding billions in interest payments – Yahoo Finance

Jonathan Stempel (Reuters) – Capital One on Tuesday was sued by the U.S. Consumer Financial Protection Bureau, accusing it of fraudulently defrauding customers of its flagship “high-interest” savings accounts of more than $2 billion in interest. In a complaint filed in federal court in Alexandria, Virginia, the CFPB alleges that Capital One told depositors that […]

Gavin Newsom cut fire budget while pouring billions into climate change : critics

Left-handed California Gov. Gavin Newsom is pumping tens of billions of dollars into “Don Quixote” Green New Deal benefits while undercutting the state's critical fire prevention programs, some environmentalists and others say. critics point out. Governor's new budget in trouble reduced state firefighting efforts; In June, it increased by $101 million to just $2.6 billion. […]

Why Lose Billions to Protect Them?

President-elect Donald Trump has promised to impose “very severe tariffs” on Canada as well as Mexico as part of a broader economic nationalist package to recoup losses from the trade deficit. “We're going to impose very serious tariffs on Mexico and Canada,” President Trump said at a news conference Tuesday. “…It's quite a tariff. I […]

US Lenders Lose $46,000,000,000 As Customers at Capital One, Citi, JPMorgan Chase, Synchrony, Discover, Citi and Bank of America Face Billions in Delinquencies – The Daily Hodl

Defaults on credit card loans are rapidly increasing in the United States. Financial institutions are currently seeing credit card defaults reach a 14-year high. report Financial Times. Bad credit has forced lenders to write off a massive $46 billion in loans that are believed to be seriously delinquent in the first nine months of 2024. […]

Billions Wasted on Leasing Empty Buildings

According to Sen. Rand Paul's (R-Ky.) annual Festivus Waste Report, the government wastes $10 billion maintaining, leasing, and furnishing vacant buildings. This year, Paul highlighted over $1 trillion in government waste, including “an ice-skating drag queen, a $12 million pickleball facility in Las Vegas, $4,840,082 on a Ukrainian influencer, and more.” “It's included!” “No matter […]

Trump weighs privatizing USPS to stop billions in taxpayer-funded losses: Report

President-elect Donald Trump is reportedly considering privatizing the U.S. Postal Service in a bid to prevent taxpayers from covering billions of dollars in losses. Three people involved responded to the interview. washington post President Trump expressed interest in reforming the Postal Service during a meeting with Commerce Secretary candidate Howard Lutnick at Mar-a-Lago, the report […]