Capital One Bank Litigation

Litigation Law Group brought a nationwide class action against Capital One Bank (USA), N.A.  The class action complaint alleges that the Defendants used false, misleading and deceptive representations and marketing materials to advertise Capital One’s credit card, that touted consumers’ ability to choose a “low” and/or “fixed” interest rate. The complaint alleges that, after promising consumers low interest rates and/or fixed rates on purchases and balance transfers and providing them with a credit card, Capital One unilaterally and arbitrarily increased the annual percentage rate applicable to Plaintiff’s and Class members’ accounts, despite the accounts being in good standing.  As a result, the finance charges associated with Plaintiff’s and Class members’ accounts increased dramatically, often jumping more than 10 percent.The complaint alleges the rate increases imposed by Capital One on accounts in good standing violated the express terms of the credit card agreement; violated California law, including the Unlawful Competition Law, Bus. & Prof. Code §§ 17200 et seq. and the Consumer Legal Remedies Act, Civ. Code §§ 1750 et seq.; and, because the unilateral increase in interest rates came without the required notice, violated the Truth in Lending Act, 15 U.S.C. §§ 1601 et seq. (“TILA”).