Capital One Consumer Fraud Class Action

On May 9, 2013, a consumer fraud class action was initiated against Capital One Bank (USA), N.A. for false advertising and Federal Truth and Lending Act violations arising from the offering of co-branded credit cards.

Capital One partnered with Best Buy Co., Inc. to create and offer Best Buy Credit Cards to consumers. On its website, Capital One offered credit cards to consumers, advertising "NO ANNUAL FEE." The Federal Truth and Lending Act (TILA) requires that all offers of credit be made with full and truthful disclosures of all fees, costs and conditions for credit.

In reliance on the promise of no annual fees, Plaintiff signed up for a Best Buy credit card through Capital One. After making a purchase with the credit card, he received his first monthly statement, only to find that he had been assessed a $39.00 annual fee. Efforts to rectify the mistake through Capital One customer service were for naught. Plaintiff filed the present action on behalf of all consumers who were similarly charged annual fees after being informed credit would be offered with no annual fee.

If you applied for and received a Capital One credit card through a promotion promising no annual fee and were, in fact, charged an annual fee, your information may be critical to the prosecution of this case. To assist us in this case, or to learn more about the case, please contact us now.