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News Link • Corruption

Capital One: Shred Your Wallet (COF)

• The Market Ticker

Now let's add the other sin, to which the other big banks are also subscribed: These same firms have all front-run the legislation passed by Congress to bar certain practices, such as universal default and two-cycle billing, by raising rates and fees in front of the changes. 

But these things are not news.

No, what might be news, however, is what I discovered today.

Capital One has their "customer service" call center in India.  Same issues apply - your financial information is present over in India, where United States Legal protections do not apply, and your personal banking information is being handled by non-United States Citizens.

The outrage doesn't begin and end with the fact that your personal financial information and history, including your Social Security number, the key item for identity thieves, is present offshore and accessible to people who cannot be prosecuted under United States Law.

No, the real outrage is

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