Capital One Settles Auto Loan Dispute For $3 Million

BALTIMORE - Capital One Bank N.A. has agreed to pay more than $3 million to settle a class action alleging that it engaged in phony debt-cancellation agreements included in car loans, according to documents the bank and a plaintiff filed Jan. 10 in a Maryland federal court (Philip Decohen v. Capital One Bank N.A., No. 10-3157, D. Md.).

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