OCC Assesses Civil Money Penalty Against Capital One, Orders

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OCC Assesses Civil Money Penalty Against Capital One, Orders Restitution to 2.5 Million Customers
from TREAS OCC News Releases by Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency (OCC) today announced a $35 million civil money penalty against Capital One Bank (USA), N.A., for violations of section 5 of the Federal Trade Commission (FTC) Act, and ordered the bank to reimburse $150 million to 2.5 million affected consumers.
http://www.occ.gov/news-issuances/news- ... 2-110.html