Technology trade groups are suing the Consumer Financial Protection Bureau, saying the agency should not have regulatory oversight over mobile payment apps.

Commoditization of mortgages, plus technology that eases the refinance process and the regulatory environment, all contributed to the decision.

The Consumer Financial Protection Bureau accused the bank of “cheating” customers out of more than $2 billion by misleading them about interest rates.

An outage affecting Capital One customers dragged into its second day Friday, further preventing some customers from accessing deposits, payments and transfers. On Thursday, the bank said the technical issue was the result of a glitch with a third-party vendor.

Capital One customers faced outages that have prevented some from accessing direct deposits, paying bills and more.

The Consumer Financial Protection Bureau, or CFPB, is a government agency that oversees the consumer finance industry, including banks, lenders and other financial institutions.

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

Despite its relatively low interest rate, the CFPB alleged, the 360 Savings account was advertised as a high-interest savings account.

The Consumer Financial Protection Bureau (CFPB) on Thursday ordered payments firm Block to pay a penalty citing fraud and weak security protocols on its mobile payment service Cash App. The regulator

The Consumer Financial Protection Bureau proposed a crypto rule just days before Donald Trump takes the White House and can name a new agency head.