Capital One Financial Corporation has final federal court approval to pay $425 million in a class-action settlement related to allegations of failing to adjust interest rates on its 360 Savings accounts. The settlement will resolve customer complaints about inconsistent rates compared to newer accounts introduced in 2019, prompting the bank to realign interest offerings. Despite reporting a robust net interest income exceeding $12 billion, Capital One faced negative market reactions following earnings results that missed expectations.
“Capital One must pay out $425 million in class-action settlement. Here’s who’s eligible.”
“The settlement ends a class-action lawsuit that alleged Capital One failed to raise interest rates on its 360 Savings accounts in line with rates offered on its newer 360 Performance Savings accounts once the latter launched in 2019.”
“Capital One must pay out $425 million in class-action settlement. Here’s who’s eligible. The settlement ends a class-action lawsuit that alleged Capital One failed to raise interest rates on its 360 Savings accounts in line with rates offered on its newer 360 Performance Savings accounts once the latter launched in 2019.”
“Capital One Financial · received final federal court approval for · US$425 million class action settlement · related to its savings products”
“Capital One Financial · adjusts products so that · interest rates are aligned across affected savings accounts”
“Capital One Financial · reported · US$12,145 million of net interest income · in the quarter”
“Capital One Financial · is a major · U.S. consumer bank and credit card issuer”
“funds · are held at · Capital One”
“Capital One · reported · first quarter results for 2026 · negative market reaction”
“Capital One · attributed underlying growth to · addition of Discover’s business · yes”
“Capital One · is focused on · strategic growth · yes”
“Capital One · currently trades at · $195.25 · down from $202.50 just before the earnings”
