Tuesday, May 03, 2016
Current Weather
Loading Current Weather....
Published: Thursday, 7/19/2012

Capital One to pay $210M over add-on fees


WASHINGTON -- Capital One Bank will pay $210 million to settle U.S. charges it tricked credit-card customers into buying costly add-on services such as payment protection and credit monitoring.

Most of the money will go to customers led to believe the services were free or mandatory or offered more benefits than they did, officials said. The order against Capital One is the first enforcement action by the Consumer Financial Protection Bureau, set up a year ago to protect consumers from excessive or hidden fees and other financial threats.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories