AlexiaF's blog
Capital One sued yet again for deceptive interest rate increases
AlexiaF - July 29, 2010 - 3:23amRaising credit card interest rates on customers without telling them has gotten Capital One in trouble, again. A judge earlier this year thought the case saying Capital One has broken the Truth in Lending act was not worth his time and dismissed it. But the 9th Circuit reinstated the Capital one class action lawsuit July 22. Now, it is illegal because of new credit card rules to raise interest rates arbitrarily.
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