July 28, 2012 – In its second settlement in eight days, Capital One Bank will pay $12 million in restitution to troops who were unlawfully denied reprieve from high interest rates, foreclosure and car repossession while on active duty. As the result of alleged violations of the Servicemembers Civil Relief Act (SCRA), Capital One has agreed to settle on allegations it is accused of denying legal process and protections to during the period of July 15, 2006, to November 21, 2011.
Read More!
More Stories
Jeep Repossession Turns into Armed Confrontation in Texas
Car-Mart’s Repo Pipeline Becomes a Cash Machine
When Karen Goes Batwoman: Minnesota Repossession Ends in Felony Charges
Gun Drawn During Cincinnati Repossession Attempt
Pepper Spray, a Damaged Repo Truck and Two Hours in the Car
Repo or Tow, The Tulsa Murders Expose a Dangerous Confusion