Nonprofit Debt Counselor Was Capital One Puppet: Suit

Law360, New York (October 19, 2011, 2:02 PM EDT) -- Capital One Bank NA and InCharge Debt Solutions were struck with a class action Monday in Virginia alleging that while InCharge marketed itself as an independent, nonprofit credit counselor, it was actually a for-profit puppet controlled by Capital One.

InCharge claimed it would negotiate with Capital One on behalf of consumers in debt, but in reality it accepted whatever interest-rate reductions and fee waivers the bank told it to, according to a complaint filed by Georgia resident Lori King in federal court.

The credit counselor also...
To view the full article, register now.




Case Information

Case Title

King v. Capital One Bank, et al

Case Number



Virginia Western

Nature of Suit

Other Statutory Actions


Norman K. Moon

Date Filed

October 17, 2011

Law Firms

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.