Capital One Wasn't Required To Send Statement, Federal Judge Decides

Capital One Wasn't Required To Send Statement, Federal Judge Decides

GREENEVILLE, Tenn. - A federal judge in Tennessee on July 25 granted summary judgment to Capital One Bank (USA) in a suit alleging that the bank violated the Truth In Lending Act (TILA) when it failed to send a quarterly billing statement to a credit cardholder, agreeing with the bank that a creditor isn't required to send such a statement after collection proceedings have been instituted (Larry A. Derry v. Buffaloe & Associates PLC, et al., No.12-0303, E.D. Tenn.; 2013 U.S. Dist. LEXIS 104011).

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