For customers who owned a Capital One 360 savings account between Sept. 2019 and June 2025, you may be eligible to receive payment as part of a $425 million settlement.
The CFPB dropped a lawsuit in February, but Capital One has agreed to pay $425 million in a separate class action lawsuit settlement.
According to a notice filed in the United States federal court in Alexandria, Virginia, Capital One customers filed a class action lawsuit against the bank in 2024. Earlier this year, the Consumer Financial Protection Bureau also sued Capital One, alleging the company froze its rate at a low level for years, despite increasing national rates. As a result, customers were cheated out of more than $2 billion in lost interest payments, according to the Bureau.
In a statement, the Bure