Consumer Watchdog Fines Capital One for Deceptive Credit Card Practices – NYTimes.com

Consumer Watchdog Fines Capital One for Deceptive Credit Card Practices – NYTimes.com.

Nader Nazemi-Capital One

Capital One — which is known for its catchy television ads with Alec Baldwin — received a regulatory rebuke for misleading customers.

Time to clean up act on Wall Street and especially Capital One.

Capital One, one of the nation’s biggest banks, will reimburse $150 million to more than two million customers for selling them credit card products they could not use or did not want, as the nation’s new consumer watchdog leveled its first enforcement action against the financial industry.

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