A division of the U.S. Justice Department announced Thursday that it has settled a debt collection case with Capital One over allegations that the credit card issuer sought to collect debts that had been discharged in prior bankruptcy cases.
The U.S. Trustee Program said that it filed a complaint against the bank alleging that Capital One (NYSE: COF) filed 5,600 proofs of claim for money that had already been paid in prior bankruptcy cases. Of those, the bank received about $340,000 in payments from estates that had filed chapter 13 bankruptcy.
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