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Story perspectives

Capital One Faces Outage: Thousands Affected, Fees Covered

1/20/2025

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Story summary
  • Capital One experienced a technical issue affecting account access, impacting thousands since January 18, 2025.
  • By January 19, most services, especially direct deposits, were restored for users.
  • Over 2,100 complaints were filed, with 90% concerning direct deposit problems.
  • The bank committed to covering reasonable fees incurred by customers during the outage.
  • Regulatory scrutiny has increased regarding the bank's interest rate practices.