By R. Robin McDonald
An Atlanta attorney has sued one of the nation’s largest credit card distributors on behalf of a potential class of credit card holders in a complaint that reflects the public frustration with credit card lender practices that have already prompted some congressional reforms.
The suit filed by E. Adam Webb, a partner with Webb, Klase & Lemond in Atlanta, challenges a decision by Capital One Bank (USA) N.A. to raise interest rates on many of its existing credit card accounts following Wall Street’s crash last year.
The suit — filed in federal court in Atlanta on behalf of Navy Lt. Commander Kevin S. Barker, Florida resident Eric W. Baxter, Massachusetts resident Michael A. Gaffney and Kansas resident Rebekah L. Kautz — seeks restitution and damages for what it claims were excessive finance charges that Capital One began levying earlier this year on credit card accounts that were current and in good standing.
Continue reading Lawsuit Targets Major Credit Card Lender Over Alleged Excessive Charges
