$75M Capital One Pact Won't Set New Norm For TCPA Suits

By Allison Grande (August 4, 2014, 8:55 PM EDT) -- Consumers may never again strike a Telephone Consumer Protection Act settlement as large as the record $75 million agreement plaintiffs reached with Capital One Financial Corp. and three collections agencies, given the emergence of stronger defenses under the law and the high probability the plaintiffs' bar will pounce before a company can contact millions of consumers, attorneys say.

To resolve claims that they used an automated dialer to call more than 21 million cellphone numbers without consent, Capital One along with Leading Edge Recovery Solutions LLC, Capital Management Services LP and AllianceOne Receivables Management Inc. will collectively pay $75,455,099 into a...

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