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Capital One Settles Class Action for $425 Million Over Savings Account Rates

KTSM••Dominique Jack
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A Virginia court has approved a $425 million settlement in a class action lawsuit against Capital One, which alleged that the bank did not properly increase interest rates on its 360 Savings accounts. This settlement is significant as it provides compensation to affected customers who may have missed out on higher earnings due to the bank's actions. Customers who had a 360 Savings account during the relevant period are eligible for compensation, although the exact amounts will depend on the number of claimants. Affected individuals should check their eligibility and consider filing a claim to receive their portion of the settlement.

Key Details: • Settlement amount totals $425 million. • Eligibility includes customers with a 360 Savings account during the relevant time frame. • Affected individuals should file claims to receive compensation.

settlement class-action banking capital-one

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Capital One

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