Capital One to Pay $425 Million in Saving Accounts Lawsuit

Capital One to pay $425 million in saving accounts lawsuit

Capital One reached a $425 million settlement in order to end a nationwide class-action lawsuit. Capital One allegedly deceived its savings account clients by failing to disclose more profitable interest-bearing options. Late Friday, a notice of preliminary settlement was submitted to the federal court located in Alexandria, Virginia. Before the agreement is finalized, a judge […] The post Capital One to pay $425 million in saving accounts lawsu…

Capital One closes Discover deal, agrees to $425M payout

The $425 million would represent restitution to class-action plaintiffs who allege Capital One concealed certain details to legacy savings account holders when the bank launched a new product.

Capital One Settlement Who Qualifies For A Share Of The $425 Million Payout

Capital One Financial Corporation has agreed to a $425 million payout to settle a nationwide class-action lawsuit brought by customers who claim they missed out on higher interest earnings. The case centers on Capital One’s 360 Savings and 360 Performance Savings accounts and whether the bank failed to adequately inform customers about better available rates. Filed in the U.S. District Court for the Eastern District of Virginia, the settlement i…

Capital One agrees to pay $425 million to savers who sued

Capital One has agreed to pay $425 million to 360 Savings account holders who alleged that the bank acted deceptively by paying them lower rates than were available on another Capital One account.

Possible interest after payment for numerous savers: After a sample statement lawsuit by the Verkehrszentrale Bundesverband (vzbv) due to the calculation of interest, the Stadtsparkasse Munich agreed on a comparison with the consumer protectors. "Around 2400 premium savers: inside are spared from a longer judicial hanging lot and instead receive uncomplicated money after payment", the vzbv explained on Monday. The court approved the comparison a…

Capital One Paying $425,000,000 To Customers After Allegedly Cheating Clients Out of Higher Returns on Bank Balances - The Daily Hodl

US financial giant Capital One will hand $425 million to customers in a massive class action settlement. Account holders accused the bank of purposefully blocking them from accessing higher interest rates in their savings accounts. Specifically, the bank is accused of misleading clients by not telling them about higher-yielding 360 Performance Savings accounts. This allegedly prevented customers from accessing better interest rates, keeping thei…