Attorney General Eric Holder stopped at Wright Patterson Air Force to highlight the department’s effort to protect service members. The visit comes one day after the Justice Department has reached a 12 million dollar settlement with Capital One Bank.
The settlement resolves the lawsuit brought by the Department of Justice that alleged Capital One violated the Servicemembers' Civil Relief Act. The act provides consumer and other protections to the military.
Before his visit to Wright Patterson Air Force Base today, Attorney Eric Holder said in a statement that the lawsuit makes the bank accountable for engaging in discriminatory practices against service men and women. The Department claims that the bank wrongfully foreclosed on some homes and improperly repossessed some cars. Also, it says the bank obtained wrongful court judgments against some service members and improperly denied interest rate relief on some credit card and car loans.
Capital One has agreed at least $125,000 to each service member whose home was unlawfully foreclosed upon and at least $10,000 to each service member whose vehicle was unlawfully repossessed.
The agreement is subject to court approval. It was filed yesterday in Virginia.