Capital One Access Checks

June 2015: A federal judge granted final approval of a settlement of this lawsuit. According to the settlement terms, class members may receive a cash award of either $2 or $5.50. (The amount of the award depends on various factors, including whether the class member paid interest.) The settlement agreement also states that Capital One enhanced the disclosures in its 0% Offer materials, including those addressing the Grace-Period Effect and the Payment-Allocation Effect.

June 2014: A federal judge granted part of Capital One Bank’s motion for summary judgment and trimmed some of the class-action claims in this lawsuit. The other claims – including the fraud and the Truth in Lending Act violation claims — will move forward. To read the full decision and learn more about the continuing claims, click here.

August 2013: A class-action lawsuit was filed against Capital One claiming the bank’s promotional materials offered customers 0% APR for 12 months on any amount they borrowed on their credit card using Access Checks when, in reality, these customers were charged the bank’s regular interest rate, even when they paid their purchase balance in full before the payment due date. (Murr et al. v. Capital One Bank (USA), N.A., Case No. 13-cv-01091, E.D. VA.).