Capital One’s Cash Advance Fees
Allegations: Representing that the credit card company charges Cash Advance Fees on cash loans or cash equivalents
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 do not pay off their statement balance in full by the due date lose the grace period on all future purchases. (Dress et al v. Capital One Bank (USA), N.A., Case No. 18-cv-268, E.D. Va.)
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Allegations: Representing that the credit card company charges Cash Advance Fees on cash loans or cash equivalents
Allegations: Misleadingly advertising accounts as “high interest” savings accounts without notifying accountholders that a higher interest rate account became available
Allegations: Falsely promising not to charge fees for using in-network ATMs
Allegations: Falsely advertising that consumers can get pre-approved for credit cards in a process that does not affect their credit score when the company runs a type of credit report…
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
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…
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…
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.