Tag Archives: Capitol One To Pay $210 Million

Bloomberg – Carter Dougherty And Dakin Campbell – Capitol One To Pay $210 Million – 19 July 2012

Capital One to Pay $210 Million in First CFPB Enforcement Case The Consumer Financial Protection Bureau said its supervisors discovered that Capital One Financial Corp’s third-party vendors engaged in deceptive tactics to sell ancillary products to the company’s credit cards. Photographer: Paul Taggart/Bloomberg

Capital One Financial Corp. (COF) will pay a total of $210 million to settle charges of deceptive marketing of credit card “add-on” products such as payment protection and credit monitoring. Continue reading