Judge approves $425 million Capital One settlement. Here's what to know.
The settlement stems from claims Capital One paid lower interest on older savings accounts while offering higher rates on a similar product.
Capital One
Potential Capital One, Discover merger
Shareholders for Capital One and Discover are voting on a proposed merger that could shift the credit card industry. CBS MoneyWatch correspondent Kelly O'Grady reports.
Trump signs flurry of Day 1 executive orders
President Trump signed a series of executive orders at Capitol One Arena in Washington, D.C., hours after his inauguration ceremony in front of a crowd of cheering supporters. Trump froze federal hiring, withdrew from the Paris Climate Agreement and more.
More Capital One customers report deposits not showing up in accounts
"Guess I'll be eating ramen again tonight," tweets one customer on third day of issues linked to a data-center power outage.
Capital One allegedly cheated customers out of $2 billion, CFPB says
The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
Walmart ends credit card partnership with Capital One: What to know
The partnership between the two companies has ended, but card-holders can still use their Capital One Walmart Rewards cards.
Capital One-Discover merger: What to know
A potential merger between Capital One and Discover Financial Services is sparking antitrust concerns. The two firms are the fourth and sixth largest companies issuing credit cards to American consumers. Lucinda Shen, financial technology reporter for Axios, joins CBS News to discuss what the agreement could mean for consumers and the economy.
Capital One buys Discover
Capital One said it will buy Discover Financial Services for $35 billion, a deal that would bring two of the nation's biggest credit card companies together.
Capital One says it's buying Discover for $35 billion
Capital One's $35 billion purchase of Discover would create a credit card and payments giant but is expected to draw heavy scrutiny from regulators and concern among consumer groups.
Are banks open on Veterans Day? Is the post office closed?
With Veterans Day falling on a Saturday this year, some banks weren't open on Friday and others will be closed on Saturday in observance of the federal holiday that honors Americans who served in the military.
Walmart sues Capital One to end credit card partnership early
The retail giant alleges the bank failed to meet the store's customer service standards over a 12-month period.
Two U.S. banks cut overdraft fees
Bank of America is reducing its $35 overdraft fee to $10 and Capital One is offering free overdraft protection as U.S. banks come under pressure from federal regulators to cut those fees.
Capital One ends overdraft fees for customers
The move comes as regulators threaten to crack down on banks that rely too heavily on such penalties for revenue.
7/30: CBS Evening News
North Korea fires multiple projectiles, South Korean media says; 36 nurses pregnant at Kansas City hospital this year.
Capital One cuts credit limits as millions struggle with income cliff
Credit-card issuers are increasingly reducing credit limits because they're worried about the solvency of American consumers.
A new app is designed to keep drivers from getting distracted while behind the wheel and more MoneyWatch headlines
A new app is designed to keep drivers from getting distracted while behind the wheel. Samsung has launched an Android app called "Eyes on the Road." If you're driving 12 miles per hour or more, the app will hide all phone calls, texts, and social media notifications. Wendy Gillette has the latest MoneyWatch headlines.
Capital One to pay $80 million fine for massive 2019 hack
Credit card issuer failed to protect customer data before moving some tech services to the cloud, regulator says.
100M+ affected in Capital One data breach
More than 100 million Capital One credit card customers and applicants across the U.S. and Canada have been affected by a massive data breach. The company said a Seattle woman is under arrest. She is accused of stealing personal information from credit card applicants. Anna Werner reports.
Capital One data breach affects millions
Capital One worked with law enforcement officials to catch the suspect accused of hacking into the bank's system and accessing the personal financial details of more than 100 million Americans. CBS correspondent Anna Werner joins CBSN to explain what consumers need to know.
Capital One hack exposes identities of millions
A hacker broke into Capital One and made off with enough personal information to steal the identities of more than 100 million people in the U.S. and Canada. Anna Werner explains who did it and how you can protect yourself.
Capital One hit by another outage
Many Capital One customers were unable to access their funds on Friday as the bank experienced a widespread outage
Capital One suffers hours-long system outage
Account holders hit a wall when they tried to access their accounts, but bank said it has solved the issue
Capital One hacker should stay locked up, prosecutors say
The former Amazon software engineer accused of hacking Capital One is a flight risk, U.S. prosecutors said
Capital One hack suspect may have breached dozens of organizations
Federal prosecutors said much of the data does not appear to contain personal identifying information
Congress wants Capital One and Amazon to explain data breach
Lawmakers want to know how an alleged hacker accessed information for more than 100 million consumers
Live
Iran retaliates after Israel struck Beirut, accuses U.S. of violating ceasefire
Israel said Sunday that Iran has launched missiles at it in the first such bombardment since a fragile ceasefire took effect in early April.
Himes says Pulte in intelligence role is Trump's "worst and most dangerous" appointment
The top Democrat on the House Intelligence Committee said the timing of the appointment takes FISA Section 702 reauthorization "off the table."
Lawsuit attempts to stop UFC fight at White House on Trump's birthday
The lawsuit calls the event "deeply corrupt" and argues that it seeks to enrich the president and his allies and lacks proper authorization.
Live
Tony Awards winners list for 2026: Live updates
The 2026 Tony Awards are underway, honoring the best of Broadway's plays and musicals.
Teen dies after showing symptoms of heat-related illness on Grand Canyon hike
An 18-year-old died last week on a hike deep in the Grand Canyon, after showing symptoms of heat-related illness, the National Park Service said.
Khanna condemns Platner's past actions, but "they didn't come as a surprise" to Maine voters
"His actions were misogynistic, they were shameful, they were wrong," Democratic Rep. Ro Khanna, who campaigned with the Senate candidate on Friday, said.
7.8 magnitude earthquake shakes southern Philippines, triggers tsunami watch
Tsunami waves were possible in the Phillipines, Taiwan, Japan, Guam, Papua New Guinea and several island nations and territories in the western Pacific.
Federal judges face threats after ruling against the Trump administration
Federal judges say criticism from President Trump can put their safety at risk. The White House says the president "understands the dangers of political violence."
Trump says U.S. shipbuilding is in a crisis as it lags far behind China
China rolls out over 1,000 cargo ships a year, while the U.S. – maybe three. The Trump administration has called this a crisis with both economic and national security risks.
U.S.
More U.S.
Lawsuit attempts to stop UFC fight at White House on Trump's birthday
The lawsuit calls the event "deeply corrupt" and argues that it seeks to enrich the president and his allies and lacks proper authorization.
Teen dies after showing symptoms of heat-related illness on Grand Canyon hike
An 18-year-old died last week on a hike deep in the Grand Canyon, after showing symptoms of heat-related illness, the National Park Service said.
Full transcript of "Face the Nation with Margaret Brennan," June 7, 2026
On this "Face the Nation with Margaret Brennan" broadcast, Reps. Ro Khanna and Don Bacon join Margaret Brennan.
Khanna condemns Platner's past actions, but "they didn't come as a surprise" to Maine voters
"His actions were misogynistic, they were shameful, they were wrong," Democratic Rep. Ro Khanna, who campaigned with the Senate candidate on Friday, said.
Young applicants discuss the challenges of today's job search
With the unemployment rate for young workers about twice as high as the national average, "Sunday Morning" talks with recent graduates from across the country about how AI is affecting both their prospects and the hiring process itself.
MoneyWatch
More MoneyWatch
Young applicants discuss the challenges of today's job search
With the unemployment rate for young workers about twice as high as the national average, "Sunday Morning" talks with recent graduates from across the country about how AI is affecting both their prospects and the hiring process itself.
Prediction markets have become a draw for young men. Here's why
Prediction markets have become a draw for young men in search of quick cash and thrills, experts say. "I had almost $4,600 at one point but squandered that," one man said.
The job market is much stronger than economists expected. Why?
Americans say it's tough to find a job, but employers just added a surprisingly strong 172,000 new hires in May.
Second Facebook privacy settlement payment is coming soon
The additional payouts come from uncashed settlement funds and will be issued to eligible claimants beginning on June 9.
Employers added 172,000 jobs in May, surging past expectations
The labor market continues to show strength despite rising inflation and concerns about slowing economic growth.
Politics
More Politics
Lawsuit attempts to stop UFC fight at White House on Trump's birthday
The lawsuit calls the event "deeply corrupt" and argues that it seeks to enrich the president and his allies and lacks proper authorization.
Full transcript of "Face the Nation with Margaret Brennan," June 7, 2026
On this "Face the Nation with Margaret Brennan" broadcast, Reps. Ro Khanna and Don Bacon join Margaret Brennan.
Khanna condemns Platner's past actions, but "they didn't come as a surprise" to Maine voters
"His actions were misogynistic, they were shameful, they were wrong," Democratic Rep. Ro Khanna, who campaigned with the Senate candidate on Friday, said.
Transcript: Rep. Don Bacon on "Face the Nation with Margaret Brennan," June 7, 2026
The following is the transcript of the interview with Rep. Don Bacon, Republican of Nebraska, that aired on "Face the Nation with Margaret Brennan" on June 7, 2026.
Transcript: Rep. Ro Khanna on "Face the Nation with Margaret Brennan," June 7, 2026
The following is the transcript of the interview with Rep. Ro Khanna, Democrat of California, that aired on "Face the Nation with Margaret Brennan" on June 7, 2026.
HealthWatch
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The promises and pitfalls of GLP-1 drugs
Approved 20 years ago as a diabetes treatment, GLP-1 drugs have been found to help patients reduce weight, changing the lives of more than 30 million people in the U.S. But there also have been troubling side effects reported.
The promises and pitfalls of GLP-1 drugs
Approved 20 years ago as a treatment for diabetes, GLP-1 drugs have been found also to help patients significantly reduce weight. More than 30 million people in the U.S. have had their lives changed by GLP-1 medications. But there have also been troubling side effects reported. Correspondent Tracy Smith talks with experts who say the drugs might prove useful in treating other diseases associated with obesity (including cancer); and with patients who have taken GLP-1 drugs and experienced widely varying reactions.
A breakthrough for Type 1 diabetes treatment
A medical breakthrough is showing promise for millions of Americans with Type 1 diabetes. It's an alternative to taking insulin without the injections. Mark Strassmann has more details.
U.S. doctor with Ebola recovers from deadly virus, German hospital says
Dr. Peter Stafford was working with a missionary group in the Congo when he came down with the virus last month.
Veteran runs to fight "life-changing disease" after minor symptoms
Dr. Sara Whittingham thought she would know if something was wrong. But her minor symptoms had a surprising cause.
World
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7.8 magnitude earthquake shakes southern Philippines, triggers tsunami watch
Tsunami waves were possible in the Phillipines, Taiwan, Japan, Guam, Papua New Guinea and several island nations and territories in the western Pacific.
Alexander Zverev becomes Grand Slam champion with French Open win
In his fourth major final, Alexander Zverev beat Flavio Cobolli 6-1, 4-6, 6-4, 6-7 (5), 6-1 for the French Open title on Sunday.
Transcript: Rep. Don Bacon on "Face the Nation with Margaret Brennan," June 7, 2026
The following is the transcript of the interview with Rep. Don Bacon, Republican of Nebraska, that aired on "Face the Nation with Margaret Brennan" on June 7, 2026.
Transcript: Rep. Ro Khanna on "Face the Nation with Margaret Brennan," June 7, 2026
The following is the transcript of the interview with Rep. Ro Khanna, Democrat of California, that aired on "Face the Nation with Margaret Brennan" on June 7, 2026.
Transcript: Rep. Jim Himes on "Face the Nation with Margaret Brennan," June 7, 2026
The following is the transcript of the interview with Rep. Jim Himes, Democrat of Connecticut, that aired on "Face the Nation with Margaret Brennan" on June 7, 2026.
Entertainment
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Live
Tony Awards winners list for 2026: Live updates
The 2026 Tony Awards are underway, honoring the best of Broadway's plays and musicals.
6/7: Sunday Morning
Hosted by Jane Pauley: Featured: The Tony-nominated musical "Ragtime"; Steven Spielberg on "Disclosure Day"; GLP-1 medications; college grads' job search woes; a tour of the Sagrada Família in Barcelona; an exhibit of Queen Elizabeth II's fashion; and a honey sommelier.
The fashion of Queen Elizabeth II
During her lifetime, and her 70-year reign as Britain's monarch, Queen Elizabeth II's wardrobe was as important diplomatically as any speech she gave. A new exhibition on view at Buckingham Palace in London, "Queen Elizabeth II: Her Life in Style," is the most comprehensive look at her wardrobe, covering every decade of her life. Correspondent Alina Cho pays a visit, and also talks with fashion designer Erdem Moralioglu about how the Queen inspired his work.
"Disclosure Day" director Steven Spielberg on alien visitations
As a child, Steven Spielberg stared at a meteor shower and began his love affair with the sky. The director of the 1977 classic "Close Encounters of the Third Kind" returns with "Disclosure Day," which imagines closely-held secrets surrounding alien visitations.
Extended interview: Steven Spielberg
In this web exclusive, director Steven Spielberg talks with Turner Classic Movies host Ben Mankiewicz about his latest film, "Disclosure Day," and the science fiction influences on his work. He also discusses his beliefs about alien civilizations, given his depictions of extra-terrestrial life in some of his most popular movies.
Technology
More Technology
Prediction markets have become a draw for young men. Here's why
Prediction markets have become a draw for young men in search of quick cash and thrills, experts say. "I had almost $4,600 at one point but squandered that," one man said.
Anthropic on global pause on AI development
Anthropic is urging a pause in AI development amid growing concerns about future risks, though some experts question the company's motives. Vicky Ge Huang, a reporter for The Wall Street Journal, joins CBS News with more details.
How AI powered robots are helping small farms
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Alarm over computer "worms" created with AI
Experts are warning about computer "worms" created with AI that can infect devices and harm users without restraint. University of Toronto professor Nicolas Papernot joins with more.
New details on SpaceX IPO plans
SpaceX is going public this month, and it could be the largest-ever stock market debut. As it plans this move, SpaceX has amended the language in its IPO filing to address the company's growing need for water, particularly to expand its data centers. CBS News' Kelly O'Grady reports, and University of California, Riverside, associate professor Shaolei Ren joins to discuss.
Science
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El Niño could bring more widespread coral bleaching, NOAA warns
The expected arrival of El Niño this summer could trigger another mass coral bleaching event, which would be the fifth on record, researchers said.
Scientists find yeast in frozen mummy's guts, use it to make bread
More than 5,300 years ago, Oetzi the Iceman was strolling through the Alps on the border of Austria and Italy when he was killed by an arrow in the back.
Meteor lights up southern Michigan
Days after a meteor exploded over New England, another fireball was spotted, visible in the Midwest to the Northeast. Rob Marciano has more.
Ancient coin, mysterious markings found under Notre Dame cathedral
A team of archaeologists at the iconic cathedral is digging straight down and back in time, to Roman Paris 2,000 years ago.
NASA taps 2 companies to develop buggies for its moon base program
The FLEX Rover will be equipped to carry two astronauts and traverse hundreds of miles of lunar terrain.
Crime
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Crime
The Plot to Eliminate Alyssa Burkett
A toxic couple orchestrates an elaborate plan to kill a mother. "48 Hours" correspondent Peter Van Sant reports.
Ex-boyfriend and fiancée behind fatal stabbing, shooting of Texas mom
What appeared to be an open-and-shut case for Texas investigators turned out to be a twisted murder plot involving victim Alyssa Beard's ex-boyfriend Andrew Beard and his fiancée Holly Elkins – who detectives say was the mastermind.
Police give update on shooting near festival
At least 12 people were wounded in a shooting near the Old West End Festival in Toledo, Ohio, officials said Saturday. The Toledo Police Department gave a press briefing on the incident.
L.A. police chase ends in deadly shooting
The freeways of Los Angeles saw two big police pursuits on Friday. The first chase ended when authorities reported that a robbery suspect was shot and killed on the busy 405 Freeway during morning rush hour. In the second incident, an alleged carjacker was taken down by a police K-9 following a meandering three-hour chase. Carter Evans has more.
Marine veteran fights off armed attackers
A Marine veteran was working on his truck in front of his home in Oxon Hill, Maryland, this week, when four teens tried to rob him at gunpoint. That is when his military training kicked in. Tom Hanson reports.
Space
More Space
Space station crew briefly moves to "safe haven" amid concerns over leaks
Out of an abundance of caution, NASA briefly directed five of the seven crew members aboard the International Space Station to wait inside the docked SpaceX Crew Dragon "Freedom" spacecraft.
Sun erupts with 3 solar flares, raising chances of northern lights for U.S.
Three solar flares burst from the sun this week, raising the chances of seeing the northern lights for people across the United States.
NASA reluctantly gives up on lost orbiter: "Best Mars mission ever"
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
Blue Origin vows to resume New Glenn launches despite explosion
Damage to Blue Origin's lone launch pad in the wake of last week's spectacular explosion was not as severe as initially feared, the company said.
NASA taps 2 companies to develop buggies for its moon base program
The FLEX Rover will be equipped to carry two astronauts and traverse hundreds of miles of lunar terrain.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Iran strikes Israel for first time since ceasefire
For the first time since the ceasefire went into effect in April, Iran launched missiles toward Israel Sunday, largely contained to the north of the country. The Iranian retaliation came after Israeli forces bombed suspected Hezbollah strongholds in southern Beirut. Charlie D'Agata reports.
Dog study may help pets and humans age well
The Dog Aging Project is working to help dogs live longer, healthier lives. The research results may help humans age well, too.
U.S. shipyards fall behind S. Korea & China
China rolls out over 1,000 cargo ships a year, while the U.S. – maybe three. The Trump administration has called this a crisis with both economic and national security risks.
Threats against U.S. judges surge under Trump
Federal judges say criticism from President Trump can put their safety at risk. The White House says the president "understands the dangers of political violence."
6/7: Sunday Morning
Hosted by Jane Pauley: Featured: The Tony-nominated musical "Ragtime"; Steven Spielberg on "Disclosure Day"; GLP-1 medications; college grads' job search woes; a tour of the Sagrada Família in Barcelona; an exhibit of Queen Elizabeth II's fashion; and a honey sommelier.