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Credit Card Company To Pay $10M In CA Lawsuit Over 'Abusive Debt Collection'

Credit One Bank will pay $9 million in penalties and $1.2 million in investigative costs for alleged excessive debt collection calls under California and federal laws.

  • Friday's announcement from Los Angeles prosecutors said Credit One Bank agreed to pay just over $10 million to settle a civil consumer protection lawsuit, without admitting wrongdoing.
  • Riverside County on Thursday ordered $9 million in penalties and $1.2 million in costs after a lawsuit filed by Los Angeles, Riverside, San Diego, and Santa Clara district attorneys.
  • Documents show a prior 2019 federal jury finding that Credit One had a policy allowing eight calls per day plus two additional calls.
  • Prosecutors said the outcome sends a strong message, and the settlement requires the company to comply with state and federal debt-collection law.
  • Led by county district attorneys, the case began after an investigation by the California Debt Collection Task Force, and Credit One Bank did not admit wrongdoing.
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Credit One Bank Settles Investigation by California District Attorneys; Denies any Wrongdoing

LAS VEGAS, Feb. 20, 2026 /PRNewswire/ -- Today, Credit One Bank announced that it resolved an investigation by a statewide team of District Attorneys on behalf of the People of the State of California. Credit One Bank expressly denies that…

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The Prescott Times broke the news in Prescott, United States on Friday, February 20, 2026.
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