Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, Capital One will be forced to pay 2 million of its customers $150 million in restitution due to deceptive marketing tactics from their third-party vendors on their add-on credit card products, such as credit monitoring or payment protection. The problems arose when customers became confused about the fees associated with the service (some believing they were free) or what the service was actually meant to do; third party vendors . Read more about it here: http://www.usatoday.com/money/economy/housing/story/2012-07-25/new-home-sales/56476704/1
If you purchased one of these “add-on” products from a Capital One, you may be eligible for compensation. However, if you purchased one of these products from another card issuer, you still may have legal standing against them if you believe you were mislead.
It is not only credit card issuers who may be utilizing deceptive practices — some debt collectors violate the FDCPA in order to collect debts. Some of these violations include calling a debtor outside the hours of 8:00 am and 9:00 pm local time, calling continuously as to annoy or harass, mislead the debtor to believe they are a lawful entity, etc. (read more about creditor harassment).
If any of the above happened to you, the time to take legal action is now. You may be eligible for monetary compensation! Call my law office at 949-200-8755 for you free consultation.