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1don MSN
Capital One Financial (COF) closer to ending depositor lawsuit with $425 million settlement deal
Capital One Financial Corporation (NYSE:COF) is included in our list of the 10 Goldman Sachs undervalued stocks to invest in. On January 12, 2026, Capital One Financial Corporation (NYSE:COF) received the U.
Maryland and other states have settled with Capital One for $425 million after the bank used deceptive practices for savings accounts.
After a judge rejected the first agreement, 360 Savings account holders will now get higher interest payments in a revised deal that lawyers say boosts compensation by $530 million.
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New York Attorney General Letitia James commended a new settlement requiring Capital One Financial ( COF) to provide $425M in restitution and better interest rates for its 360 Savings customers, she said on Monday.
10don MSN
Capital One $425 million depositor settlement wins preliminary approval after earlier rejection
By Jonathan Stempel NEW YORK, Jan 12 (Reuters) - A federal judge granted preliminary approval on Monday to Capital One's revised $425 million class action settlement with depositors who said they were cheated out of high interest rates,
US financial giant Capital One just received a court approval for a settlement that will deliver a massive payout to current and former customers.