The Office of the Comptroller of the Currency announced a formal enforcement agreement Thursday with Capital One Bank for unfair credit card closing practices between 2004 and 2006.

The enforcement order said that, from Jan. 1, 2004, until Oct. 31, 2006, the subsidiary of Capital One Financial Corp. assessed annual membership fees on accounts with no outstanding balances and after customers had asked to close the accounts. As part of the agreement, the OCC ordered the company to reimburse $775,000 to customers who were unfairly assessed despite having no credit balance or having paid off their accounts within 90 days after asking they be closed.

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