COSTLY CALL: Capital One Financial, led by CEO Richard Fairbank, agreed to pay $73 million last year to settle a case involving allegedly unauthorized phone calls to consumers. About 30% of the funds were earmarked for plaintiffs lawyers, while each affected consumer was slated to receive about $20-$40.
Quietly, banks have agreed to pay hundreds of millions of dollars over the last few years to settle a slew of class actions alleging they made illegal phone calls to U.S. consumers. more »
JPMorgan Chase and Bank of America plan to start offering FICO scores they have on customers to them for free, according to a statement released Monday by the White House. more »