1. BIG BUCKS

    Capital One to Pay $210M

    UNITED STATES - JUNE 30:  The Capital One logo is displayed on an automatic teller machine (ATM) at one of their bank branches in New York, U.S., on Tuesday, June 30, 2009. Capital One Financial Corp's earnings will be released on July 23 after the closing bell.  (Photo by Andrew Harrer/Bloomberg via Getty Images)

    Andrew Harrer, Bloomberg / Getty Images

    Capital One Financial agreed on Wednesday to pay $210 million after being fined by banking regulators after call-centers allegedly misled customers into paying for extra credit-card products. The government said $150 million will be used to reimburse the customers, while the remaining will be split between the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau. In a statement, Capital One’s president for credit card business, Ryan Schneider, apologized to customers and pledged that the bank would “make it right.” The group that led the action against Capital One, the National Community Reinvestment Coalition, said they felt vindicated by the decision.

    Read it at Reuters