MCLEAN, Va.—The NAACP has filed a lawsuit in federal court against Capital One Bank for the manner in which it has been closing branches.
Capital One Bank said it has been closing many of its brick-and-mortar locations around the state of Texas as part of cost-cutting measure. The NAACP, however, is alleging in its suit that the bank’s actions are discriminatory against its black and Latino customers, even as it uses black celebrities in its commercials to enhance its agenda, Black Enterprise reported.
The suit, filed in federal court in the Southern District of Texas, alleges that black and Latino customers are encouraged to use ATM cards to transact their business with the bank, which reduces the possibility of minority customers applying for mortgages, credit, and traditional banking services, Black Enterprise stated.