INSIDER
Coffee, sculptures and financial advice. Banks try to make new branches less intimidating
Read full article: Coffee, sculptures and financial advice. Banks try to make new branches less intimidatingAfter years of closing or mostly neglecting physical bank branches across the U.S., the nationās largest banks are spending hundreds of millions of dollars on refurbishing old locations or building new ones, and in the process changing the look, feel and purpose of the local bank branch.
Walmart ends credit card partnership with Capital One, but shoppers can still use their cards
Read full article: Walmart ends credit card partnership with Capital One, but shoppers can still use their cardsWalmart has ended a partnership with Capital One that made the banking company the exclusive issuer of Walmartās consumer credit cards.
What to know about overdraft fees as the White House cracks down on them
Read full article: What to know about overdraft fees as the White House cracks down on themThe Consumer Financial Protection Bureau has proposed new rules that would lower overdraft fees, with President Joe Biden calling the charges āexploitative.ā.
NHL teams begin to unveil advertisements on helmets
Read full article: NHL teams begin to unveil advertisements on helmetsIn this image provided by the Washington Capitals, Washington Capitals forward Tom Wilson wears a helmet bearing a Capital One logo during NHL hockey practice, Monday, Dec. 21, 2020, in Arlington, Va. (Zach Guerette/Washington Capitals via AP)There will be advertisements on NHL players' helmets this season as teams try to recoup revenue lost to the pandemic. The New Jersey Devils, Washington Capitals and Nashville Predators became the first teams to unveil helmet ads Tuesday. āOf course, the teams are in a big hole,ā Nashville chief revenue officer Chris Junghans said after the team announced its deal with Bridgestone. āSo, they're looking for valuable, real valuable, tangible assets that will help us, guys like me, make partners whole. Each of the first three teams got a deal done with the company that sponsors the naming rights for its arena.
Capital One fined $80 million in data breach
Read full article: Capital One fined $80 million in data breachThe U.S. Treasury Department has fined Capital One $80 million for careless network security practices that enabled a hack that accessed the personal information of 106 million of the banks credit card holders. (AP Photo/Elise Amendola, File)WASHINGTON The U.S. Treasury Department has fined Capital One $80 million for careless network security practices that enabled a hack that accessed the personal information of 106 million of the banks credit card holders. Among the largest of its kind on record, the 2019 breach compromised about 140,000 Social Security numbers and 80,000 bank account numbers. The accused hacker, former Amazon software engineer Paige Thompson, has pleaded innocent to charges related to the breach. No evidence has emerged that Thompson sought to benefit financially from the hack.