(Bloomberg) — Capital One Financial Corp. is cutting borrowing limits on credit cards, reining in its exposure as the U.S. reduces support for millions of unemployed Americans.The adjustments, which the company said it makes from time to time, set off a swift outcry on social media. Some customers have complained in recent days their limits have been slashed by a third to two-thirds, eroding their ability to borrow in an emergency during a pandemic or potentially hurting their credit scores.“Capital One periodically reviews accounts based on a variety of factors and may make changes to existing credit lines,” the company …read more
Source:: Yahoo Finance
