Capital One Settles Robo-call Claims for more than $75 million

One of the most aggressive callers in the financial services sector, Capital One Financial, has agreed to settle a group of TCPA class actions for more than $75 million. Yes, the same Capital One with the long-running “What’s in Your Wallet?” commercials that used to have Vikings and now feature Samuel L. Jackson and Alec Baldwin. The federal judge in Chicago hasn’t yet ruled on the motion for preliminary approval, but it should happen soon. When it does, notices will go out to more than 16 million potential class members.

This is a new record for TCPA settlements and should give much-needed relief to millions of cardholders and others who were victimized by Capital One’s aggressive calling practices. Attorneys from the Ankcorn Law Firm played a key early role in advising the first lead plaintiff in federal court in Seattle, which was later combined with the other lawsuits and sent to the judge in Chicago.

We are currently representing an individual plaintiff in a federal lawsuit in Oakland. Our client received more than 220 calls in a roughly two-month period in the summer of 2012, despite repeated requests to stop. Capital One was servicing a Best Buy account, which they acquired when they bought HSBC’s consumer lending business a few years ago.

At the time Capital One called our client, they’d already been hit with four national class actions. Ankcorn Law Firm attorneys have a proven track record in bringing successful actions against Capital One: we represented a cardholder who receive more than 450 calls in late 2009, one of the first cellphone calling cases under the TCPA.

If you’ve been called by Capital One on your cell phone and want to discuss your options, please be in touch.