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Consumer Watchdog Fines Capital One for Deceptive Credit Card Practices

Capital One

The Consumer Financial Protection Bureau delivered its first enforcement action against the financial industry, fining Capital One for pressuring and misleading more than two million credit card customers.

 

Card Issuers to Test Mobile Wallets

J.P. Morgan, Capital One and Barclays plan to let customers use a mobile-payments service being developed by wireless carriers as part of a trial set to begin this summer.

 

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