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Capital One Financial Corporation
Company typePublic
NYSE: COF, S&P 500 Component
IndustryFinancial services
FoundedJuly 27, 1994; 30 years ago (1994-07-27)
Richmond, Virginia, U.S.[1]
FounderRichard Fairbank, Nigel Morris
HeadquartersTysons Corner, Virginia, United States
(McLean mailing address)[2]
Key people
Richard Fairbank
(Chairman, President and CEO)
Stephen S. Crawford
(CFO)[3]
ProductsRetail banking, Credit cards, Loans, Savings
RevenueIncrease US$25.038 billion (2015)[4]
Decrease US$6.23 billion (2015)[4]
Decrease US$4.05 billion (2015)[4]
Total assetsIncrease US$334.048 billion (2015)[5]
Total equityIncrease US$47.284 billion (2015)[4]
Number of employees
45,400 (2015)[4]
Websitewww.capitalone.com
Capital One Bank in Wake Village, Texas

Capital One Financial Corporation is an American bank holding company specializing in credit cards, home loans, auto loans, banking and savings products. When measured in terms of total assets and deposits, Capital One is the eighth-largest bank holding company in the United States.[6] As of 2012, The bank has 963 Capital One Bank Branches[7] including 10 café style locations for their Capital One 360 brand[8] and 2,000 ATMs. Capital One Financial is a member of the Fortune 500,[9] and also conducts business in Canada and the United Kingdom. The company helped pioneer the mass marketing of credit cards in the 1990s, and it is now the fourth-largest customer of the United States Postal Service.[10]

Its corporate offices are located in Tysons Corner, Virginia.[11]

History

Monoline credit card company (1994-2004)

Capital One retail footprint

On July 27, 1994, Richmond, Virginia-based Signet Financial Corp announced the spin off of its credit card division, OakStone Financial, naming Richard Fairbank as CEO[12] (Signet Banking Corp is now part of Wells Fargo). Signet renamed the subsidiary Capital One in October of that year.[13] The spinoff was concluded February 28, 1995, making Capital One fully independent.[14]

Unlike other diversified financial services firms, Capital One began as a "monoline", meaning the vast majority of its business was in consumer lending, particularly credit cards. Remaining a monoline is risky, as it can be very profitable industry in good times, and markedly unprofitable in bad. Most consumer-lending monolines in the past twenty years have either gone out of business (e.g., The Money Store, NextCard, Royal Acceptance) or have been acquired (e.g., MBNA, Beneficial, First USA); Capital One is notable for having experienced neither.[15][16]

Capital One attributed its relative success as a monoline to its use of data collection to build demographic profiles, allowing it to target personalized offers of credit direct to consumers.[16][17]

In 1999, Capital One was looking to expand beyond credit cards. CEO Richard Fairbank announced moves to use Capital One's experience with collecting consumer data to offer loans, insurance, and phone service.[18]

Expansion into retail banking (2005-present)

While many other monolines were acquired by larger, diverse banks, Capital One expanded into retail banking with a focus on subprime customers. This was accomplished through the acquisition of several retail banks. Capital One acquired New Orleans, Louisiana-based Hibernia National Bank in 2005, Melville, New York-based North Fork Bancorporation,[19][20] and Chevy Chase Bank in 2008.[21][22]

During the 2007 subprime mortgage financial crisis, Capital One closed its mortgage platform, GreenPoint Mortgage, due in part to investor pressures.[23][24] Capital One Financial Corporation received US$3.56 billion from the Emergency Economic Stabilization Act of 2008.[25][26] On June 17, 2009, Capital One finished buying back the stock the company issued to the U.S. Treasury paying a total of US$3.67 billion.[27] The U.S. Securities and Exchange Commission has criticized Capital One's conduct during the crisis, claiming that the company failed to provide accurate reporting of the losses they incurred. Capital One was required to pay $3.5 million in penalty, but has not been required to directly address the allegations of wrongdoing.[28]

In June 2011, ING announced the sale of its American ING Direct division to Capital One for cash and shares worth US$9 billion.[29] On August 26, 2011, the Federal Reserve Board of Governors announced it would hold public hearings on the Capital One acquisition of ING Direct, as well as extend the public comment period previously slated to end August 22 to October 12, 2011.[30] The move came amidst rising scrutiny of the deal on systemic risk, or "Too-Big-to-Fail," performance under the Community Reinvestment Act, and pending legal challenges. A coalition of national civil rights and consumer groups, led by the National Community Reinvestment Coalition, were joined by Rep. Barney Frank to challenge immediate approval of the deal. The groups have argued that the acquisition is a test of the Dodd-Frank Wall Street Reform and Consumer Protection Act, under which systemically risky firms must demonstrate a public benefit that outweighs new risk before they are allowed to grow. Kansas City Federal Reserve Bank head Thomas M. Hoenig was also skeptical of the deal.[31][32] In February 2012, the acquisition was approved by regulators, and Capital One completed its acquisition of ING Direct.[33] Capital One received permission to merge ING into its business in October 2012,[34] and rebranded ING Direct as Capital One 360 in November 2012.[35]

In August 2011, Capital One reached a deal with HSBC to acquire its U.S. credit card operations.[36] Capital One paid US$31.3 billion in exchange for US$28.2 billion in loans and $600 million in other assets. The acquisition was completed by May 2012.[37]

In July 2012, Capital One was fined by the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau for misleading millions of its customers, such as paying extra for payment protection or credit monitoring when they took out a card.[38] The company agreed to pay $210 million to settle the legal action against them and to refund two million customers.[39] This was the CFPB's first public enforcement action.[40] In August 2014, Capital One and three collection agencies entered into an agreement to pay $75.5 million to end a consolidated class action lawsuit pending in the United States District Court for the Northern District of Illinois alleging that the companies used an automated dialer to call customers’ cellphones without consent, which is a violation of the Telephone Consumer Protection Act of 1991.[41] It is notable that this legal action involved informational telephone calls, which are not subject to the "prior express written consent" requirements which have been in place for telemarketing calls since October 2013.[42]

Like many other retail banks, Capital One has been slowly decreasing its number of physical locations.[7] In 2012, the bank closed 41 locations and opened 2.[43]

On July 8, 2015, Capital announced that it has acquired Monsoon, a design studio, development shop, marketing house and strategic consultancy.[44]

In August 2015, Capital One agreed to acquire General Electric Co.'s Healthcare Financial Services unit for USD $9-billion. The transaction involves USD $8.5-billion of loans made to a wide array of sectors including senior housing, hospitals, medical offices, outpatient services, pharmaceuticals and medical devices.[45]


2014 terms of service

In 2014, Capital One amended its terms of service to create a right for it to "contact you in any manner we choose", including a "personal visit . . . at your home and at your place of employment." It also asserted its right to "modify or suppress caller ID and similar services and identify ourselves on these services in any manner we choose."[46] Los Angeles Times writer David Lazarus commented that "Cap One has made deliberate decisions that seem intended to overreach and intimidate, confirming in the eyes of many the company's thoughtlessness and occasional ruthlessness".[47] Emily Rusch, the executive director of the California Public Interest Research Group, found the company's assertion of a right to "spoof" Caller ID particularly disturbing, saying "Now more than ever, consumers need to be able to trust companies".[46]

Capital One spokeswoman Pam Girardo told the Times that the company would not actually make personal visits to customers except "As a last resort, . . . if it becomes necessary to repossess [a] sports vehicle".[46] Capital One also attributed its assertion of a right to "spoof" as necessary because "sometimes the number is 'displayed differently' by 'some local phone exchanges,' something that is 'beyond our control'".[48]

Girardo told the New York Times that the company was "reviewing" the language involved. David Lazarus noted that "now that a little sunlight has been applied, the company is not as comfortable as it previously was with behaving like a total maniac. In the meantime, cardholders can make up their own minds. Do they want to believe the non-binding explanations of a company representative or the legally enforceable language that's currently in their written contracts?"[46]

Divisions

Capital One Auto Finance

Capital One Auto Financial Corporation is the parent company of Capital One Auto Finance Company, based in Plano, Texas.[49] The company includes Summit Acceptance Corporation, which Capital One acquired in July 1998, and PeopleFirst Finance LLC, which was acquired in October 2001. The companies were combined and rebranded as Capital One Auto Finance Corporation in 2003.[50] As of 2012, Capital One Auto Finance is the largest Internet auto lender, as well as one of the top US auto lenders overall.[51]

The company, which previously sold auto loans only through direct mail and auto dealerships, lets auto owners refinance existing auto loans and shoppers apply for new auto loans online. A decision usually comes within 15 minutes, after which the buyer receives a "blank check" for up to the approved auto loan amount, which the buyer uses to purchase a car. To the dealership, it is as if the buyer were paying cash. The checks can be used to purchase a new or used vehicle, or to refinance an existing auto loan with another lender.

CapitalOne 360

Activities announcing the opening of the CapitalOne 360 Café in Boston.

CapitalOne 360 is an online banking division of Capital One. The division originated in a separate company, ING Direct, which was founded in 2000 in Wilmington, Delaware as a brand for a branchless direct bank. In September 2007, ING Direct acquired 104,000 customers and FDIC insured assets from the failed virtual bank NetBank.[52] Two months later, ING Direct acquired online stock broker Sharebuilder.[53][54]

Capital One National Direct Bank

This is the former online banking services from Capital One offering various depository services such as checking accounts and money market accounts. This division of Capital One is no longer accepting new customers due to the acquisition of ING Direct and the introduction of Capital One 360. Various partnerships and promotions on these accounts were offered by Costco.

In June 2011, Capital One Financial Corporation purchased ING Direct USA from its Netherlands based parent, ING Group, paying US$9 billion (€6.3 billion).[55] The sale was completed on June 16, 2011 with the CEO of ING Group at that time Jan Hommen saying the sale "marks a further important step in the restructuring of ING Group. Yet at the same time we are saying goodbye to a very successful business and a dedicated team...".[56] Following the acquisition, ING direct was rebranded Capital One 360.[57]

Level Money

In January 2015 Capital One acquired Level Money, a budgeting app for consumers. The app will remain a standalone application.[58]

Divisions in Canada and the United Kingdom

Capital One commenced operations in Canada in 1996. Its head office is located in Toronto, Ontario at the North York Centre at Yonge Street & Finch Avenue. Unlike its diversified American parent, the Canadian business does not currently operate outside of the credit card market. Similar to the U.S. parent, Capital One Canada is Canada Post's second largest customer.[citation needed] In October 2008, Capital One Canada was named one of Greater Toronto's Top Employers by Mediacorp Canada Inc., which was announced by the Toronto Star newspaper.[59]

The UK headquarters of Capital One is in Nottingham. Capital One in the UK is associated with customers with poor credit rating and very high APR credit cards, up to 35%.[60] The company was once active in Spain, Italy, France and South Africa, but has since withdrawn from these markets.[citation needed]

Sports marketing

Since 2001, Capital One has been the principal sponsor of the college football Florida Citrus Bowl, rebranding it the Capital One Bowl in 2003. It sponsors a mascot challenge every year, announcing the winner on the day of the Capital One Bowl. Capital One is one of the top three sponsors of the NCAA, paying an estimated $35 million annually in exchange for advertising and access to consumer data.[61][62]

Experiments and agreements

USPS agreements

In late 2002, Capital One and the United States Postal Service proposed a then-experimental negotiated services agreement for bulk discount in mailing services.[63] The resulting three-year agreement[64] was extended in 2006.[65] In June 2008, however, Capital One had filed a complaint[66] with the USPS regarding the terms of the next agreement,[67] citing the terms of the NSA of Capital One's competitor, Bank of America. Capital One subsequently withdrew its complaint to the Postal Regulatory Commission following a settlement with the USPS.[68]

Isis Mobile Wallet payment

On February 26, 2012, along with several other banks, Capital One announced support for the Isis Mobile Wallet payment system.[69] However, in September 2013, Capital One dropped support for the venture.[70]

ClearXchange

On February 19, 2014, Capital One became 1/4 owner in ClearXchange; a p2p (person to person) money transfer service designed to make money transfers to customers within the same bank and other financial institutions via mobile phone number or email address. The service will be available to Capital One Bank customers in the 2nd half of 2014. ClearXchange's other owners include Bank of America, Wells Fargo and JP Morgan Chase.[71]

Decoupled debit card

In May 2007, the company began an experiment that came to be known as a decoupled debit card.[72][73] This card is novel in that prior to this launch, a debit card was always tied to a traditional financial institution, such as a bank or credit union.

CapitalOne's Visa-branded decoupled card did not require that an account be opened with a "merchant" financial institution, and was made in partnership with the Ukrop's Super Markets, a Richmond-based grocery-store chain, and Sheetz, a regional gas-station and convenience-store chain. The Ukrops card was also tied to the grocer's reward program.

That one-year experiment ended in May 2008,[74] and was followed up with a national rollout of its own version of a decoupled debit card tied to its own reward program.[75]

Charity

Capital One operates some charitable programs, such as the "No Hassle Giving" web portal, in which Capital One covers the transaction fees on customer and non-customer donations made through the site.[76] The accountability organization National Committee for Responsive Philanthropy has been highly critical of Capital One's relatively low rate of giving, stating that "Capital One's philanthropic track record is dismal".[77] The organization pointed out that Capital One's donations of 0.024% of revenue were much less than the industry median of 0.11% of revenue.[77] Capital One has disputed the groups figures, saying that "... In 2011 alone, our giving totals are more than 6 times greater ($30 million) than the number given by the NCRP".[78]

See also

References

  1. ^ "CAPITAL ONE FINANCIAL CORP Form 10-K". SECURITIES AND EXCHANGE COMMISSION. Retrieved 9 Feb 2014.
  2. ^ "Capital One Financial Corp. (COF)". Yahoo Finance. Yahoo, Inc. September 21, 2011. Retrieved September 21, 2011.
  3. ^ Michael J. De La Merced (1 Feb 2013). "Capital One Picks Banker as Its Chief of Finance". New York Times. Retrieved 4 Feb 2014.
  4. ^ a b c d e "Capital One, Form 10-K, Annual Report, Filing Date Feb 28, 2013" (PDF). secdatabase.com. Retrieved Mar 19, 2013.
  5. ^ http://www.forbes.com/global2000/list/3/#header:assets_sortreverse:true
  6. ^ Zuhaib Gull (27 Feb 2014). "Top 50 Banks in Q4 2013". SNL Financial. Retrieved 6 Mar 2014.
  7. ^ a b Bryant Ruiz Switzky (25 Jul 2012). "Capital One Bank closing 10 branches". Washington Business Journal. Retrieved 9 Feb 2014.
  8. ^ "Capital One 360 Café". Capital One. Retrieved 9 Feb 2014.
  9. ^ "Fortune 500". CNN. Retrieved 25 Jan 2014.
  10. ^ "PRC Says OK to Capital One NSA Extension". DMNews.com. Retrieved November 27, 2006.
  11. ^ "Capital One Bank - McLean Headquarters Branch". CapitalOne.com. Retrieved 24 Jan 2014.
  12. ^ "COMPANY NEWS; SIGNET BANKING TO SPIN OFF CREDIT CARD BUSINESS". New York Times. 28 Jul 1994. Retrieved 9 Feb 2014.
  13. ^ David Conn (12 Oct 1994). "Signet renames credit card subsidiary Capital One". Baltimore Sun. Retrieved 9 Feb 2014.
  14. ^ "CAPITAL ONE REPORTS FIRST QUARTER EARNINGS". PR Newswire. 19 Apr 1995. Retrieved 9 Feb 2014.
  15. ^ Virginia Business Online: Q&A with Richard Fairbank Archived 2008-05-05 at the Wayback Machine
  16. ^ a b Romeo, Jim (October 2003). "Answering the Call: Capital One Taps Technology To Improve Recruiting and Retention of Call Center Employees – Special Report – Capital One Financial Corp". HR Magazine (via FindArticles). {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  17. ^ Malcolm Wheatley (1 Nov 2001). "Capital One Builds Entire Business on Savvy Use of IT". CIO magazine. Retrieved 2 Feb 2014.
  18. ^ "Capital One: Isn't There More To Life Than Plastic?". Bloomberg Businessweek. 21 Nov 1999. Retrieved 9 Feb 2014.
  19. ^ "Capital One, Form 8-K, Current Report, Filing Date Mar 7, 2005" (PDF). secdatabase.com. Retrieved Mar 19, 2013.
  20. ^ "Capital One, Form 8-K, Current Report, Filing Date Mar 13, 2006". secdatabase.com. Retrieved Mar 19, 2013.
  21. ^ "Capital One, Form 8-K, Current Report, Filing Date Dec 9, 2008" (PDF). secdatabase.com. Retrieved Mar 19, 2013.
  22. ^ Goldfarb, Zachary A.; Appelbaum, Binyamin (December 4, 2008). "Capital One To Buy Local Banking Icon Chevy Chase". The Washington Post.{{cite news}}: CS1 maint: multiple names: authors list (link)
  23. ^ "Capital One, Form 8-K, Current Report, Filing Date Aug 20, 2007". secdatabase.com. Retrieved Mar 19, 2013.
  24. ^ DiStefano, Joseph M. (August 20, 2007). "Capital One Closes GreenPoint Mortgage, Idling 1,900". Bloomberg.
  25. ^ "Capital One, Form 8-K, Current Report, Filing Date Nov 18, 2008" (PDF). secdatabase.com. Retrieved Mar 19, 2013.
  26. ^ "CAPITAL PURCHASE PROGRAM Transaction Report" (PDF). Tarp Transactions. United States Treasury. November 17, 2008. Retrieved September 21, 2011. 11/14/2008 Capital One Financial Corporation / McLean VA / Purchase Preferred Stock w/Warrants / $3,555,199,000 / Par
  27. ^ "Capital One, Form 8-K, Current Report, Filing Date Jun 17, 2009". secdatabase.com. Retrieved Mar 19, 2013.
  28. ^ Ben Protess (25 Apr 2013). "DEALBOOK; Capital One Settles Charges It Understated Loan Losses". New York Times. Retrieved 5 Feb 2014.
  29. ^ Press release (June 16, 2011). "ING To Sell ING Direct USA to Capital One". ING Groep N.V. Retrieved June 18, 2011.
  30. ^ "Press Release August 26, 2011". Federal Reserve System.
  31. ^ Felsenthal, Mark (August 25, 2011). "Fed's Hoenig Says Doesn't See Recession Looming". Reuters. Retrieved August 28, 2011.
  32. ^ Pearlstein, Steven (August 28, 2011). "Columnist". The Washington Post. Retrieved August 28, 2011.
  33. ^ "Capital One, Form 8-K, Current Report, Filing Date Feb 17, 2012" (PDF). secdatabase.com. Retrieved Mar 19, 2013.
  34. ^ "Conditional Merger Approval" (pdf). Office of the Comptroller of Currency. 17 Oct 2012. Retrieved 13 Feb 2014.
  35. ^ Bryant Ruiz Switzky (8 Nov 2012). "ING Direct rebranded as Capital One 360". Washington Business Journal. Retrieved 13 Feb 2014.
  36. ^ Dan Wilchins and Denny Thomas (10 Aug 2011). "Capital One bulks up U.S. cards with HSBC deal". Reuters. Retrieved 5 Feb 2014.
  37. ^ Simon Zhen (2 May 2012). "Capital One Completes Purchase of HSBC US Credit Cards". MyBankTracker. Retrieved 5 Feb 2014.
  38. ^ "Capital One fined for misleading millions of customers". BBC News. July 18, 2012.
  39. ^ "Capital One, Form 8-K, Current Report, Filing Date Jul 18, 2012" (PDF). secdatabase.com. Retrieved Mar 19, 2013.
  40. ^ "Capital One to pay $210 million in fines, consumer refunds". CNN Money. July 18, 2012. Retrieved Sep 6, 2013.
  41. ^ Dale, Margaret A (19 August 2014). "Capital One to Pay Largest TCPA Settlement on Record". The National Law Review. Proskauer Rose LLP. ISSN 2161-3362. Retrieved 23 August 2014.
  42. ^ Slawe, Meredith C.; Madway, Brynne S. (11 August 2014). "Capital One Agrees to $75 Million Telephone Consumer Protection Act (TCPA) Settlement". The National Law Review. Drinker Biddle & Reath. Retrieved 23 August 2014.
  43. ^ Blake Ellis (25 Jan 2013). "Say goodbye to more bank branches". MSN Money. Retrieved 9 Feb 2014.
  44. ^ Perez, Sarah (8 July 2015). "Capital One Acquires Oakland-Based Design And Development Firm Monsoon". TechCrunch. Retrieved 8 July 2015.
  45. ^ "Capital One to Acquire GE Capital's U.S. Healthcare Finance Unit" (Press release). Capital One Financial. 11 Aug 2015.
  46. ^ a b c d David Lazarus, "Capital One says it can show up at cardholders' homes, workplaces", Los Angeles Times, February 17, 2014
  47. ^ David Lazarus, "Another complaint about Capital One bafflegab", Los Angeles Times, February 17, 2014. Lazarus's comment involved both the terms of service changes and other customer complaints.
  48. ^ Amanda Alix, "Capital One to Customers: You Can't Hide From Us", February 19, 2014
  49. ^ "Capital One, Form 8-K, Current Report". secdatabase.com. 23 Jan 2008. Retrieved Mar 19, 2013.
  50. ^ "PeopleFirst Changes Brand to Capital One Auto Finance". PR Newswire. 27 Jun 2003. Retrieved 24 Jan 2014.
  51. ^ "Capital One, Form 10-Q, Quarterly Report". secdatabase.com. 13 Aug 2002. Retrieved Mar 19, 2013.
  52. ^ INdirect.com
  53. ^ "ING, Form 6-K, Filing Date Nov 6, 2007" (PDF). secdatabase.com. Retrieved Mar 19, 2013.
  54. ^ "ING DIRECT Acquires ShareBuilder" (Press release). ING DIRECT USA. November 19, 2007. Retrieved December 8, 2010.
  55. ^ "Capital One, Form 8-K, Current Report, Filing Date Jun 16, 2011" (PDF). secdatabase.com. Retrieved Mar 19, 2013.
  56. ^ "ING completes sale of ING Direct USA". Reuters. February 17, 2012.
  57. ^ Campbell, Dakin (November 7, 2012). "Capital One Rebrands ING Direct as Orange Ball Gets '360' Motif". Bloomberg. Retrieved November 7, 2012.
  58. ^ http://techcrunch.com/2015/01/12/capital-one-acquires-budgeting-app-level-money/
  59. ^ "Reasons for Selection, 2009 Greater Toronto's Top Employers Competition".
  60. ^ "The top credit cards for poor credit". The Mirror. 16 April 2012. Retrieved 16 April 2013.
  61. ^ Kristi Dosh (3 Nov 2013). "Capital One maximizing March's madness". ESPN. Retrieved 10 Feb 2014.
  62. ^ JJ Hornblass (11 Apr 2013). "Cap One Uses March Madness to Mine Customer Data, Even After Tournament". Bank Innovation. Retrieved 10 Feb 2014.
  63. ^ "Postal Service Files Capital One Negotiated Service Agreement". 20 Sep 2002. Retrieved 5 Feb 2014.
  64. ^ "Experimental Rate and Service Changes to Implement Negotiated Service Agreement with Capital One: OPINION AND RECOMMENDED DECISION" (pdf). 15 May 2003. Retrieved 12 Feb 2014.
  65. ^ Melissa Campanelli (25 Aug 2006). "PRC Says OK To Capital One NSA Extension". Direct Marketing News. Retrieved 5 Feb 2014.
  66. ^ "COMPLAINT OF CAPITAL ONE SERVICES, INC. REGARDING DISCRIMINATION AND OTHER VIOLATIONS OF LAW BY THE UNITED STATES POSTAL SERVICE" (pdf). Postal Regulatory Commission. 19 Jun 2008. Retrieved 12 Feb 2014.
  67. ^ Bryan Yurcan (8 Jan 2009). "USPS, Capital One dispute remains in discovery". Direct Marketing News. Retrieved 5 Feb 2014.
  68. ^ "Postal Regulatory Commission Proceedings". Retrieved 5 Feb 2014.
  69. ^ "Chase, Capital One and Barclaycard First to Place Their Cards in the Isis™ Mobile Wallet". 26 Feb 2012. Retrieved 9 Feb 2014.
  70. ^ Stephanie Mlot (20 Sep 2013). "Capital One Drops Support for Isis Mobile Wallet". PC Magazine. Retrieved 9 Feb 2014.
  71. ^ "Clear Xchange Press Release". ClearXchang. 26 Feb 2014. Retrieved 10 Mar 2014.
  72. ^ [dead link] "CapOne Turns Acquisition on Its Head". Javelin Strategy & Research.
  73. ^ [unreliable source?] Henderson, Calin (June 4, 2007). "CapitalOne Becomes a Bank with Checking Accounts". The Bank Watch (blog). Retrieved December 18, 2012.
  74. ^ [unreliable source?] Staff (May 8, 2008). "CapOne Says Its Decoupled Debit Card Pilots Ended on Schedule". Digital Transactions. Retrieved September 22, 2011.
  75. ^ [unreliable source?] Partee, Morriss (July 2, 2008). "Decoupled Debit Card Lives Again!". EverythingCU.com (via Our Blog – a blog of The Members Group). Retrieved September 22, 2011.
  76. ^ "Individual Donations Add Up With Capital One's No Hassle Giving Program". Business Wire. 25 Nov 2009.
  77. ^ a b "Doubt Over Capital One's Commitment to Philanthropy". NCRP. 4 Oct 2011. Retrieved 10 Feb 2014.
  78. ^ Associated Press (5 October 2011). "Charity group wary of Capital One-ING merger". NBC news. Retrieved 13 Feb 2014.
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