Credit One Bank settles lawsuit; customers can claim compensation

Credit One Bank will settle a class action lawsuit, potentially providing up to $1,000 in compensation to customers who were unfairly charged fees and misled. Affected individuals must file a claim with supporting documentation. The lawsuit stems from customer complaints of unjust fees, false loan information, and poor customer service. Over 1,400 complaints were filed, citing high interest rates and unexplained charges. Eligibility requires an active Credit One account with documented financial losses. Claimants must submit a form with account statements, identification, and proof of financial impact. The final settlement payment dates are pending court confirmation after claim review.