The complaint alleges that Fairbank failed to report his sizable stock windfall to federal antitrust authorities and illegally finalized the acquisition before the agencies could investigate. Fairbank’s recent multi-million dollar compensation package included over 100,000 Capital One Financial shares in 2018, which increased his holdings to $168 million. Today, the Federal Trade Commission announced that Richard Fairbank, CEO of Capital One Financial Corp., will pay a $637,950 civil penalty to settle charges that his acquisition of Capital One Financial stock violated the Hart-Scott-Rodino (HSR) Act.
About the FTC Show/hide About the FTC menu items. News and Events Show/hide News and Events menu items. Advice and Guidance Show/hide Advice and Guidance menu items. Competition and Consumer Protection Guidance Documents. Enforcement Show/hide Enforcement menu items. To get more information on Capital One Financial's Consumer Banking, Credit Card, Commercial Banking, Other, Total segment. Revenue growth ranking by company and industry Offer other products to our customers, including credit insurance, through third-partyĬompanies within the Commercial Banks Industry In the U.S., which are originated through direct and indirect channels. We also engage in limited non-lending activities. Bank has authority to accept depositsĪnd provide credit card and installment loans. In 2003, we continued to grow in the number of accountsĪnd loan balances in our international lending business, with most of our growthĬoming from the United Kingdom. Internationally, we are currently operating primarily in the United credit card and motor vehicle financing businesses in new GFS also includes our internationalīusinesses, where we are using the IBS methodologies and approaches we have Through acquisition, organic growth or both. In addition, we have, and may in the future achieve further diversification In both our installment lending business as well as our deposit-taking business Lending activities, as well as other consumer financial businesses. (through Amerifee Corporation, which we acquired in May 2001), and small business Domestically, GFS manages installment lending, patient financing Includes a variety of diverse products for consumers in the United States and Our Global Financial Services (“GFS”) segment Similar to our credit card strategy, we customize product features, suchĪs interest rate, loan amount, and loan terms, enabling us to lend to customers In OctoberĢ001, we acquired the nation’s largest online provider of direct motor vehicle Vehicles, as well as refinancing of existing motor vehicle loans. Our direct marketed products include financing for the purchase of new and used 
We utilize direct marketing to offer automobile financing directly to consumers. Motor vehicles, through dealer networks throughout the United States. ThroughĬOAF, we purchase retail installment contracts, secured by automobiles or other
We also apply IBS to our auto finance business. Losses, and we price these products accordingly.Īuto Finance Segment. Many higher risk customers, however, we may experience higher delinquencies and Products to yield lower delinquencies and credit losses. May likely be offered products with more favorable pricing and we expect these Our pricing strategies are risk-based lower risk customers Our customized products include both products offered toĪ wide range of consumer credit risk profiles, as well as products aimed at specialĬonsumer interests. Routinely test new products to develop ones that appeal to different and changingĬonsumer preferences. Rates, fees and credit limits, rewards programs and other special features.
We customize our products to appeal to different consumer preferencesĪnd needs by combining different product features, including annual percentage We offer a wide variety of credit card products throughout
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