Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

Capital One is defending itself from the CFPB's claims that it cheated customers out of billions of dollars in interest payments.

The government’s consumer watchdog sued Capital One on Tuesday for “cheating” customers out of billions in interest payments. The Consumer Financial Protection Bureau (CFPB) accused the banking

The bank didn't give some existing customers the higher rates it was offering new customers, the agency alleged. The bank said it would fight the suit, which comes just days before the Trump administration takes over the regulator.

Capital One faces a lawsuit for deceiving consumers on savings account rates, causing $2B in potential losses.

At a 0.5% APY, which Capital One offers on the original 360 Savings accounts, it produces even less. Some megabanks can offer savings accounts with rates as low as 0.01% or 0.02%, according to Bankrate. A mere 0.01% APY on $500 pays a nickel of interest.

Donald Trump presidential inauguration, Martin Luther King Jr. Day federal holiday, earnings expected from Netflix, American Express, United Airlines

In a year when everything seemed to go up, the industry generated some of its strongest returns in a decade. Was 2024 a real turning point?

National Banks in Wyoming could have their own money printed, complete with their names and towns on it. Now these $10 and $20 bills

Parliament's Budget Session will held from January 31 to April 4, with Finance Minister Nirmala Sitharaman set to table her eighth straight budget on February 1. In line with the convention, the session will start with President Droupadi Murmu's address to a joint sitting of the Lok Sabha and Rajya Sabha on January 31 followed by the tabling of the economic survey.

Clearly Trump wants to hit the ground running, and from an economic perspective his key policy platforms are tariffs, taxes and liberalisation.