Capital One Approves $425 Million Settlement in Class Action Lawsuit
Capital One has received final approval for a $425 million settlement in a class action lawsuit related to alleged deceptive marketing of its savings accounts. The settlement follows a rejected agreement in late 2025 and involves claims that the company misled customers about interest rates on its 360 Savings and 360 Performance Savings accounts. Capital One denies wrongdoing but agreed to the settlement to avoid trial.
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Topics: Capital One class action lawsuit financial regulation interest rates settlement