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Capital One to Pay $210 Million Fine for Credit Card Add-Ons

Capital One Financial Corp. has to pay $210 million as settlement for its deceptive marketing of credit card add-on products such as payment protection and credit monitoring. This has been the first public enforcement case file by the Consumer Financial Protection Bureau, which is established by the Dodd-Frank Act to increase supervision over consumer financial products. The bureau as well as the Office of the Comptroller of the Currency, the bank’s primary regulator, said that Capital One agreed... 
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