Capital One Financial Corp. News

Discover Agrees to Settle Class-Action Suit for Overcharging Merchants

Discover Financial Services, the credit-card firm that agreed to be acquired by Capital One Financial Corp., said it reached an agreement to resolve class-action litigation for overcharging merchants. The lender, which acknowledged the lapses last year, expects that the $1.2 …

Capital One Says Breach Hit 100 Million Individuals in U.S.

Capital One Financial Corp. said data from about 100 million people in the U.S. was illegally accessed after prosecutors accused a Seattle woman of breaking into the bank’s server at a cloud-computing company. The woman, Paige A. Thompson, was arrested …