Capital One To Pay $10 Million To Settle APR Class Action

Capital One To Pay $10 Million To Settle APR Class Action

LOS ANGELES - Capital One Bank NA USA has agreed to pay $10 million to resolve claims that it promoted its credit card services as offering low fixed annual percentage rates and then later abruptly increased them, according to a document the lead plaintiff in a class action filed in a California federal court on Sept. 13 (Raquel Rubio v. Capital One Bank NA USA, No. 07-06766, C.D. Calif.). View related prior history, 2010 U.S. App. LEXIS 14968.

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