US financial giant Capital One will hand $425 million to customers in a massive class action settlement. Account holders ...

The $425 million would represent restitution to class-action plaintiffs who allege Capital One concealed certain details to ...

Under the deal, Capital One will pay $300 million to a class of people who opened a 360 Savings account since Sept. 18, 2019 to cover the interest they would have earned had they instead opened a 360 ...

The tentative settlement represents a step toward resolving an issue that hung over Capital One's acquisition of Discover.

Instead, Capital One created “360 Performance Savings,” a nearly identical type of savings account that provided much higher interest rates than 360 Savings – at one point, more than 14 ...

Depositors said the bank cheated them out of higher interest rates. As part of the settlement, the bank admitted no ...

“Capital One created confusion so that 360 Savings customers wouldn’t realize that their accounts were obsolete and wouldn’t know that they had to open new 360 Performance Savings accounts ...

New York's attorney general is reviving a major consumer protection case that federal regulators dropped shortly after ...

New York AG Letitia James sues Capital One for deceptive savings account tactics that cost customers millions.

On Friday, just before closing the $35.3 billion acquisition of Discover Financial Services, Capital One Financial came to settlement terms with customers who were suing the McLean bank. If the ...

REUTERS She said Capital One also kept those depositors in the dark in September 2019 when it launched 360 Performance Savings accounts, whose interest rates peaked at 4.35%. James said Capital ...