Capital One Bank settles claim with Vermont

Capital One Bank has agreed to settle claims by the Vermont Attorney General’s Office that it failed to disclose important information on “zero percent interest” solicitations sent to Vermont businesses.

The settlement requires Capital One to change its solicitations and pay the State $150,000 in investigative costs.

Vermont Attorney Gen. William H. Sorrell (D) said, “No matter how big they are, companies have an obligation to provide accurate information when they market their services.”

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