Capital One is an international banking and asset management company. Capital One is primarily a unit of Citibank and is one of the largest banks in the United States. Capital One is also one of the largest providers of debt management services in the United States. Capital One has offices in New York City, Miami Beach, Minneapolis, Toronto, Beijing, London, Tokyo and Sydney. Capital One also partners with many other banks and other lending companies throughout the world.
There are many reasons as to why you should choose a law firm that deals with lawsuits on credit card debt. When selecting such a law firm, you will have to take into account several factors including experience and expertise in handling such cases. Capital One can be expected to file thousands of lawsuits and you need a law firm that will be able to handle these types of cases with ease. Apart from this, you should also ensure that the firms dealing with such lawsuits are certified and accredited by the American Bar Associations.
Capital One has many class action related lawsuits against banks, card companies, mortgage companies, credit card issuers and loan providers. Among the most common suits are claims filed under the Fair Debt Collection Practices Act, the Truth in Lending Act, the Fair Credit Billing Act and the Fair Debt Collection Practices Act. In fact, under the heading of Class Action, Capital One has been involved in more than a hundred thousand class action lawsuits.
The company has settled more than a hundred thousand class action lawsuit over the last five years. A Capital One class action lawsuit involves a customer who was charged for an unauthorized credit card. The customer did not make use of this card, but did so only after being informed that it was not authorized. At this point, the bank sent him a notice demanding that he provide his personal information as indicated on an application form for a credit card. This was not the first time that this customer had applied for a credit card; in fact, in the previous six months, he had applied for more than ten credit cards.
The customer’s personal information was collected in part by using the social security number on file at the Social Security Administration. This is a very common practice for banks to collect this data breach; this is because the majority of individuals who apply for credit will provide this data to them in order to facilitate their request for credit. However, what Capital One did was even worse; it obtained this data breach without the customers permission or knowledge. This meant that in the eyes of the federal government, Capital One was responsible for the data breach, which resulted in the original charges being re-applied.
This is how Capital One Litigation grew. Finally, after the bank decided to settle the case, the attorney for Capital One Litigation demanded that Capital One is punished for its actions. Capital One argued that the original charges were improperly charged due to the data breach. However, the judge in this case, Michael J. Parker, ultimately ruled in favor of Capital One. On appeal, Capital One was allowed to appeal this decision to the supreme court. If Capital One had prevailed and had been forced to pay its damages, the original fine could have been increased to over $1 million and the cost of the damages could have reached into the billions.