Capital One Says Contracts Sink Balance Transfer Suit

Law360, Los Angeles (January 8, 2013, 3:12 PM EST) -- Capital One Bank (USA) NA urged a California federal judge Friday to toss a proposed class action alleging it tricked customers into transferring higher-interest loan balances to Capital One credit cards without telling them they would have to pay interest on those balances, saying it never violated its contracts with card owners.

Priscilla Barton sued Capital One in October for breaches of contract and good faith, and accused the company of  breaking the 2009 Credit Card Accountability Responsibility and Disclosure Act and other violations after incurring...
To view the full article, register now.
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.