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Capital One to distribute $425 million to affected customers
The lawsuit specifically targeted Capital One's handling of its 360 Savings accounts. Customers claimed that the bank froze the annual percentage yield (APY) at a low level, even as rates ...
Capital One agreed to pay a total of $425 million to customers who filed a class action lawsuit against the bank in 2024, according to a notice filed in the U.S. federal court in Alexandria ...
"Instead of encouraging 360 Savings customers to upgrade their existing accounts, Capital One worked to keep them in the dark about the availability of the new product," the attorney general’s ...
Capital One previously said the merger would increase competition with the transaction giants Visa, Mastercard, and American Express and improve access for lower-income customers.
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