Capital One has agreed to pay $2 million to settle a civil suit brought by the Santa Clara District Attorney's office and others for alleged unreasonably frequent and harassing phone calls made to debtors in California.
SAN JOSE – The financial corporation Capital One has agreed to pay $2 million to settle a civil suit brought by the Santa Clara District Attorney's office and others for alleged unreasonably frequent and harassing phone calls made to debtors in California, the DA's Consumer Protection Unit announced on Thursday.
Capital One has been ordered to pay $1,450,000 in civil penalties and $300,000 in investigative costs. "Because individualized restitution is not feasible, the judgement requires Capital One to pay $250,000 in alternative restitution to a trust fund to support additional consumer protection efforts by prosecutors," said the DA's office in a statement, adding that the company"worked cooperatively" with the prosecutors to resolve the matter.
The Santa Clara District Attorney's Office worked in conjunction with DA offices out of San Diego, Los Angeles and Riverside Counties. First published on December 16, 2022 / 1:52 PMThanks for reading CBS NEWS.Please enter valid email address to continue
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