Capital One customers not getting payments amid outage

Category: Finance

Capital One is experiencing a disruption in processing deposits, payments, and transfers due to a technical issue with a third-party vendor. The bank is working to resolve the issue and restore services, which have affected consumer, small business, and commercial accounts. Complaints have surged on social media, with nearly 1,700 outages reported. Capital One expects services to return to normal by Friday morning and has apologized for the inconvenience caused. Additionally, the bank is facing a lawsuit from the CFPB for allegedly misleading customers about account options that could have earned them higher interest rates.

Keywords: Capital One, banking disruption, CFPB lawsuit

Source: Fox Business

Update At: 1/17/2025

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