
Zelle Money Transfers at Capital One
Allegations: Marketing Zelle money transfers as fast, safe, and secure without disclosing that there is no protection for victims of fraud and no recourse for reimbursement of lost funds
March 2019: This case was transferred to a court in Virginia. (Case No. 19-cv-343, E. D. Va.)
May 2018: A class-action lawsuit was filed against Capital One for allegedly promising that its credit card provides consumers with an interest-free grace period without disclosing that consumers who fail to pay their entire balance by the statement due date one time lose the grace period on all future purchases, meaning that interest begins to accrue on purchases from the time they are made. (Dress et al v. Capital One Bank (USA), N.A., Case No. 18-cv-40064, D. Mass.)
For more information about other class-action lawsuits filed against Capital One and TINA.org’s coverage of them, click here.
Allegations: Marketing Zelle money transfers as fast, safe, and secure without disclosing that there is no protection for victims of fraud and no recourse for reimbursement of lost funds
Allegations: Misleadingly representing that it would help credit card customers during the COVID-19 pandemic when the company systematically denied customers’ requests for help
In May 2019, a class-action lawsuit was filed against Capital One Bank for allegedly failing to disclose that it charges consumers interest on cash advances on credit cards after they…
In January 2019, a class-action lawsuit was filed against Capital One Bank for allegedly charging multiple non-sufficient funds and overdraft fees on a single transaction. Plaintiffs claim that the bank…
In April 2018, another class-action lawsuit was filed against Capital One for, among other things, allegedly promising not to charge fees for using in-network ATMs when, according to plaintiffs, customers…
In March 2018, a class-action lawsuit was filed against Capital One Bank for allegedly misleadingly promising consumers an interest-free grace period on charges when, according to the plaintiffs, consumers who…
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…
When it comes to credit cards offering unlimited cash back, it’s a numbers game.