Capital One 'Puppet' Class Merited By New Evidence, Judge Told

Law360, New York (November 19, 2012, 4:39 PM EST) -- A disgruntled InCharge Debt Solutions customer asked a Virginia federal judge on Friday to reconsider class claims in her suit alleging Capital One Bank NA used the credit counselor as a “puppet” to overcharge customers, arguing that new evidence reveals InCharge's customer agreement does not contain an arbitration clause.

Lori King claims U.S. District Judge Norman K. Moon's Thursday ruling striking class claims wrongly assumed that all the consumers who electronically signed up for InCharge's credit counseling services were presented with InCharge's “client agreement,” which included...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.