June 3, 2021
Under the Equal Credit Opportunity Act (ECOA), companies that provide credit are supposed to give customers written notices containing the reasons they’ve taken adverse actions against the customers in a credit transaction. The complaint for this transaction alleges that Capital One Bank (USA), NA did not do this when it closed a customer’s credit card account.
Case Event File: Capital One Reason for Cancellation of Credit Card ECOA ComplaintRelated to: Capital One Reason for Cancellation of Credit Card ECOA Class Action