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Jul 19, 2012 | Posted by: Mr_Bill

In Its First Action, Consumer Bureau Takes Aim at Capital One

Full story: dealbook.nytimes.com

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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“It's a Brand New Day”

Since: Feb 06

New Rochelle

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#1
Jul 19, 2012
 

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Well done, CFPB. This is what the 'greed defenders' were afraid of, protecting the American people from gouging.
Eleanor

Round Lake, IL

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#2
Jul 19, 2012
 

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We need a BIG Consumer Bureau to protect people from spending their money on things they don't need.

Worse yet, they didn't eve USE THEIR OWN MONEY.

They put it ON their CHARGE card!!

Nobody can fix "stupid".

Thank goodness BIG GOVERNMENT is there to bail them out!!

<But who is going to bail the government out? The Feds will. They will PRINT MORE MONEY and make EVERYONE less able to afford the things they DO NEED.>

In the meantime, the government will protect stupid people from themselves.

“It's a Brand New Day”

Since: Feb 06

New Rochelle

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#3
Jul 19, 2012
 
Eleanor wrote:
We need a BIG Consumer Bureau to protect people from spending their money on things they don't need.
Worse yet, they didn't eve USE THEIR OWN MONEY.
They put it ON their CHARGE card!!
Nobody can fix "stupid".
Thank goodness BIG GOVERNMENT is there to bail them out!!
<But who is going to bail the government out? The Feds will. They will PRINT MORE MONEY and make EVERYONE less able to afford the things they DO NEED.>
In the meantime, the government will protect stupid people from themselves.
OK. You hate the working poor, but WHY?
Are you a minion of Satan?
Eleanor

Round Lake, IL

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#4
Jul 19, 2012
 

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Mr_Bill wrote:
<quoted text>
OK. You hate the working poor, but WHY?
Are you a minion of Satan?
This has nothing to do with POOR people.

It's about ANYONE who spends money they don't have on things they don't need.

The poor don't have a monopoly on that kind of behavior -- HOWEVER, THAT KIND of behavior could very well make someone poor.

<minion spinion> <LOL>
Sheik Yerbouti

New Hope, PA

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#5
Jul 19, 2012
 

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This is about banker sociopaths taking advantage of people they know from the get go couldn't pay! Idiot!!

Since: Nov 08

Location hidden

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#6
Jul 19, 2012
 

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Well. Mr. Bill must be off his meds again today. There isn't an adult diaper big enough to hold all of his anti-American crap. And he's all wee-wee'd out too.
He cherry picks the miniscule bad, and hides the vast amount of good. A classic mentally ill person, just like his communist lying, fallen hero, Obama.

“the left is lost”

Since: Aug 08

usa

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#7
Jul 19, 2012
 

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Mr_Bill wrote:
<quoted text>
OK. You hate the working poor, but WHY?
Are you a minion of Satan?
THIS is why people think you're a clueless schmuck.

“It's a Brand New Day”

Since: Feb 06

New Rochelle

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#8
Jul 20, 2012
 

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carey529 wrote:
<quoted text>
THIS is why people think you're a clueless schmuck.
You and your "pal" are not "people."
FAFA

United States

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#9
Jul 20, 2012
 

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I refuse to get a credit card from Capitol One, there interest rates are high 22%. I keep getting offers from them and they have enlisted Jimmy Fallon in their commercials thinking that will get people to sign up. Unfortunatley, CO bought out my credit card company and my rates better not go up.

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Virgo

You have a very high opinion of a certain person today, believing that they can do no wrong. But how realistic are you being? It looks as though you're viewing the world through rose-colored glasses, which is fine if it's only a temporary state but quite another matter if you're deliberately ignoring problems and pretending that they don't exist.

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