You are here: Fairness.com > Resources > Capital One to pay $210 million in ...

Capital One to pay $210 million in fines, consumer refunds

Date: July 18, 2012

Author: Emily Jane Fox

QUOTE: Cardholders who enrolled in a payment protection or credit monitoring product -- or who tried to cancel one of these products but were persuaded by a call center representative to keep it -- on or after August 1, 2010, will be refunded the money they paid for the product, as well as any finance charges, over-the-limit fees or interest paid....The latest action marks the first enforcement for the bureau since it began regulating credit cards, mortgages and consumer reporting agencies as part of the Dodd-Frank regulatory reform last year.

• Read it: CNN/Money Magazine
• Tell a friend
• Add a Comment*

Article MetaInformation:

Key People:

• Richard Cordray Esq.

Key Organizations:

• Capital One Services
• Citibank
• Consumer Financial Protection Bureau (CFPB)
• JPMorgan Chase & Co.
• Time
• U.S. Office of the Comptroller of the Currency (OCC)

Subject & Geographic Categories:

• Businesses & Organizations
  • Industry-Specific Issues
    • Banking/Lending

• Government & Politics / History
  • Government (General)
    • Government Regulation
      • Business Regulation

• Personal Finance & Career
  • Personal Finance
    • Consumer Protection/Customer Issues
      • Services Issues
    • Personal Asset Management
      • Banking
      • Debt / Credit Rating
        • Credit/Debit Cards

• North America
  • United States of America/USA

Comments:

none

• Add a Comment*

*User comments are posted without Fairness.com LLC's prior review or approval, and Fairness.com LLC takes no responsibility for them; please see our Conditions of Service Agreement.

Please send your comments and suggestions to the Webmaster. © copyright 1999-2009, Fairness.com LLC.
"Fairness.com" and "Life isn't fair... but we're working on it" are service marks of Fairness.com LLC. All rights reserved.