New Capital One Loan Bias Suit Barred By Prior Settlement

Law360, New York (August 16, 2013, 8:34 PM EDT) -- A New York federal judge on Thursday nixed a suit claiming Capital One Financial Advisors had engaged in discriminatory home loan practices, ruling that a $14.8 million settlement in a prior action barred the plaintiff from bringing the complaint.

Named plaintiff Ibelka Vargas had argued that she hadn't been adequately represented in the class action brought in 2008 against Capital One subsidiary GreenPoint Mortgage Funding Inc., and said the settlement notice violated due process.

But U.S. District Judge Laura Taylor Swain disagreed, writing in Thursday’s opinion that...
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