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Apr
30

Capital One To Reimburse Cardholders $775,000 In Wrongful Annual Fees

ReplyGeneralApril 30th, 2010admin

Around 18,000 customers of Capital One Financial Corp. will receive reimbursements totaling $775,000 in annual credit-card membership fees after the Office of the Comptroller of the Currency (OCC) deemed them as unfair.
Capital One was found to have unjustly billed 3,400 cardholders $125,000 in annual fees even after they have closed their accounts from 2004 to 2006. The bank acknowledged the … (more)

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