Attorney General Settles With Capital One

{Charleston, West Virginia}...The office of state Attorney General Darrell McGraw has announced a settlement totaling more than $12 million with Capital One after the office received more than 600 complaints about Capital One practices between 2001 and 2006. Chief Deputy Attorney General Fran Hughes says the company and its representatives were saddling some consumers with debt that had previously been deemed noncollectable and providing add-on services to credit cards that consumers really didn't want or need. The case was scheduled to go to trial in Mason County in April. Capital One has agreed to provide $3 million in debt forgiveness to West Virginia consumers. Hughes says the debt will disappear from credit card statements. The settlement also includes $9.5 million for the state Legislature to allocate to help consumers.