Workflow
Capital One Agrees to Pay $425M to Settle Savings Account Lawsuit
COFCapital One(COF) ZACKS·2025-05-19 23:56

Capital One Financial Corporation (COF) has agreed to pay $425 million to settle a lawsuit accusing it of deceiving savings account depositors. On Friday, a notice was filed describing the preliminary settlement in U.S. federal court in Alexandria, VA., as reported by Reuters.Details of Lawsuit Filed on COFCapital One was sued by depositors who claimed that the company had deceitfully promised high interest rates on 360 Savings accounts while offering new customers greater rates on 360 Performance Savings a ...