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Capital One Settles Bank Fees Class Action

This is a settlement for the Consumer and Financial Fraud lawsuit.

Brooklyn, NY: Settlement of a class action against Capital One Bank has been approved by a federal judge. The suit, filed in 2009 by lead plaintiff Eric Gunther, alleged that Capital One Bank imposed new and increased "miscellaneous account fees" without notifying customers after buying North Fork Bank.

Details of the settlement have not been made public except for an award of $750,000 for attorney's fees and a $7,500 class representative incentive award. Gunther was seeking $5 million in compensatory damages.

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Published on Dec-16-10


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