Capital One has joined the Federal Reserve’s FedNow system for instant payments, leaving only Bank of America and Truist among the largest U.S. banks not participating. The FedNow service enables quick payment transfers between banks, with over 1,550 institutions onboard since its launch in July 2023. The Fed is working to facilitate bank onboarding and has recently increased the transaction limit to $10 million.

A recent J.D. Power survey shows younger bank customers are more satisfied than those over 65, marking a shift in trends. Capital One leads in customer satisfaction for the sixth consecutive year, while overall satisfaction among major banks improved in 2025. Seniors are increasingly seeking financial advice outside traditional banks due to their more complex needs.

U.S. banking regulators have approved Capital One's $35.3 billion acquisition of Discover Financial Services, which will create the eighth-largest bank by assets in the U.S. The merger is expected to enhance Capital One's position in the credit card market, despite concerns over reduced competition and higher consumer costs.