Capital One $425M settlement approved. See if you qualify
USA TODAY
Capital One's $425M settlement approved; eligible account holders receive payments based on interest rate discrepancies.Summary
A $425 million settlement approved by a U.S. District Court judge resolves a class action lawsuit against Capital One over alleged deceptive marketing of savings accounts. The case involved 360 Savings and 360 Performance Savings accounts, where plaintiffs claimed Capital One paid higher interest rates on Performance accounts despite identical terms. Eligible recipients—those holding 360 Savings accounts between September 18, 2019, and June 16, 2025—will receive individualized payments calculated based on lost interest. Payments will be distributed automatically without requiring claims, with disbursements expected around July 21.
(Source：USA TODAY)