Refunds May Be Arriving Soon From Amex, Capital One And Discover
Tuesday, December 18, 2012 - 8:37 AM
From the Consumerist:
Getting money back from a credit card issuer doesn’t happen every day, so plenty of Discover, American Express and Capital One customers are in for a treat in the form of refunds hitting their accounts soon. Those three companies were ordered to pay up a total of $435 million to almost six million customers after the Consumer Financial Protection Bureau took action against deceptive credit card practices.
[...] The CFPB went after these three issuers for various reasons, mostly for marketing credit products, offering monetary rewards that in fact, didn’t exist, or charging higher late fees than are allowable by law.