The litigation industry’s newest player is now in the game. Capital One has just accepted an order from the The Consumer Financial Protection Bureau to pay $ 210 million in fines and refunds for fraudulent practices in connection with its credit card business. The violations center around fraudulent practices in connection with sales of useless "insurance" for credit card debt. The full story is in DealBook – some key lines are pasted below." The bank derives about 1/3 of its business from subprime lending and seems like a fitting target for the first fine from the nation’s new federal watch dog agency.