Consumer financial agency targets Capital One in first enforcement action

, The National Law Journal


The Consumer Financial Protection Bureau on July 18 announced its first enforcement action, charging Capital One Bank with deceptively marketing add-on credit card services such as credit monitoring and payment protection plans.

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What's being said

  • Lulaine

    This is another financial company guilty of having deceptive practices against their customers. This kind of practice seems pretty endemic of the financial services industry. Especially when it comes to fees and credit cards.

  • skeptical1

    Fantastic beginning! Love the sentiment behind the quote from Markus. If only the SEC had taken this motto to heart, we might have avoided the Wall Street disasters of recent years, numerous Ponzi schemes a la Madoff, the mortgage frauds/building slump, and so many more.

  • ELois Poole-Clayton

    Capital One, is constantly (on occasions), sending I bills for a debt I do NOT owe. I ended doing business with them, ordered the credit card cancelled and was (in a way to munipulate their way out of fraud/misconduct), offered I a false offer of "forgetting about $300.00 and just sending them $62.00", which I (that EITHER), did NOT owe them. PS: If I don't have to file to be reimbursed OR to have my credit score NOT lowered because of their corruption, WHERE is this FACT, (IN WRITING) AND WHERE is my compensation for the troubles I was sent through, DEFAMING my bill paying repretation, for EVERY company I have EVER done business with, WILL confirm that I pay my bills EVERY payment;from the light company, to the gas company to the phone company and ANY other company I do or have done business with! WHERE IS MY COMPENSATION FROM CAPITAL ONE's CORRUPTION/DECEPTIVE PRACITES concerning I? PPS: I can be contacted at (773)622-2906, at ANY time.

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