CFPB sues Capital One for 'cheating' customers out of over $2 billion in interest

• Capital One cheated customers out of $2 billion by keeping deposits in lower-yield accounts, CFPB says

  The Consumer Financial Protection Bureau is suing Capital One, which it says kept customers in the dark about higher-yielding savings accounts.
  
  MarketWatch - 9h
• 

  Anthropic in Talks for $2 Billion Funding Round

  The financing efforts follow new funding rounds by Elon Musk’s xAI and the market leader, OpenAI, which is now valued at $157 billion.
  
  The New York Times - 6d
• 

  AI Startup Anthropic Plans to Raise $2 Billion at a $60 Billion Valuation

  The new funding round, led by Lightspeed Venture Partners, sees the company at more than triple its 2024 valuation of $18 million.
  
  Inc. - 6d

• CFPB sues Experian over "sham investigations" into consumer complaints

  Experian accused of violating Fair Credit Reporting Act by reinserting disputed information back into credit reports.
  
  CBS News - Jan. 7

• CFPB finalizes rule to remove estimated $49 billion in medical debt from credit reports

  Medical debt comprises the largest category of unpaid balances in collections. The CFPB wants to help ensure that doesn't ruin Americans' finances.
  
  CNBC - Jan. 7

• MicroStrategy’s latest capital-raise plans are for $2 billion of preferred stock to buy more bitcoin

  The move is part of the company’s plan to issue $21 billion of equity and $21 billion in fixed-income instruments over the next three years.
  
  MarketWatch - Jan. 6

• Explosive device kills 2 at a school in Nigeria's capital city, police say

  Yahoo News - Jan. 6

More from CNBC

• Meta announces 5% cuts in preparation for 'intense year' — read the internal memo

  Meta will cut about 5% of its staff, focusing on its lowest-performing workers, CNBC confirmed.
  
  CNBC - 5h

• South Korea's President Yoon Suk Yeol arrested as agencies probe his short-lived martial law decree

  This was the second bid to arrest the impeached president, following a failed attempt on Jan. 3.
  
  CNBC - 1h

• Microsoft pauses hiring in U.S. consulting unit as part of cost-cutting plan, memo says

  Microsoft plans to pause hiring in part of its consulting business in the U.S., according to an internal memo, as the company seeks ways to reel in expenses.
  
  CNBC - 6h

• New Zealand won't 'get rich' by focusing trade in the South Pacific alone, PM says

  New Zealand is the latest country to sign an economic partnership with the United Arab Emirates.
  
  CNBC - 2h

• Intel to spin off venture capital arm as chipmaker continues to restructure

  Intel said Tuesday that it plans to spin off Intel Capital, its venture capital wing, into an independent firm.
  
  CNBC - 6h

More in Business

• South Korea's President Yoon Suk Yeol arrested as agencies probe his short-lived martial law decree

  This was the second bid to arrest the impeached president, following a failed attempt on Jan. 3.
  
  CNBC - 1h

• New Zealand won't 'get rich' by focusing trade in the South Pacific alone, PM says

  New Zealand is the latest country to sign an economic partnership with the United Arab Emirates.
  
  CNBC - 2h
• 

  South Korea’s President Yoon arrested after stand-off with police

  Predawn raid on impeached leader’s compound marks latest twist in political crisis over failed martial law bid
  
  Financial Times - 2h

• SEC lawsuit against Elon Musk is a big political test for Trump administration

  Trump appointee Paul Atkins is set to face a major minefield upon taking over leadership of the SEC, given Musk’s close ties to the incoming president.
  
  MarketWatch - 3h
• 

  Cookies, Cocktails and Mushrooms on the Menu as Supreme Court Hears Bank Fraud Case

  In trying to find the line between false statements and misleading ones in the case of a Chicago politician, members of the Supreme Court posed colorful questions.
  
  The New York Times - 3h