Virginia-based lender Capital One is going through accusations of partaking in unfair, illegal and misleading practices with regard to its bank cards and their rewards in a proposed class motion lawsuit.
The proposed class motion lawsuit says Capital One wrongfully canceled bank card accounts of the plaintiffs, who embody NTech Consulting LLC and Nikhil Navkal.
In accordance with the proposed lawsuit, Capital One additionally refused to launch the rewards that had already been legitimately earned by the plaintiffs after closing their accounts.
“Plaintiffs and Class Members earned bank card rewards utilizing their Capital One reward playing cards however had been denied their earned bank card rewards when Capital One canceled their bank cards pursuant to an undisclosed rewards cancellation coverage. Plaintiffs and all Class Members had been injured by Capital One’s rewards cancellation coverage.”
In accordance with the proposed class motion lawsuit, Capital One’s actions amounted to a breach of the phrases of the settlement because the plaintiffs had been in full compliance when their bank cards had been canceled.
“Capital One’s coverage and its actions in canceling and denying Plaintiffs and different Class Member cardholders their earned bank card rewards is a breach of contract (together with a breach of the duties of fine religion and truthful dealing), a misleading and unfair follow and ends in unjust enrichment to Capital One.”
The proposed class motion lawsuit additionally says that Capital One closed the plaintiffs’ bank card accounts with out informing them of the explanations. Amongst different issues, the plaintiffs within the proposed class motion lawsuit are looking for to be awarded damages by Capital One.
The proposed class motion lawsuit is looking for a trial by jury.
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