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Capital One Reason for Cancellation of Credit Card ECOA Class Action

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  Read more

Sign Above Capital One Branch

JP Morgan Chase False Reasons for Credit Denial ECOA Class Action

Plaintiff David Denton researched credit products so he could consolidate his debts at favorable terms, the complaint for this class action says, and he eventually settled on a credit card offered via a pre-screened solicitation by JP Morgan Chase with favorable balance transfer terms. He obtained the card, but when he actually tried to make  Read more