Anyone who had a particular account through Capital One could soon be receiving money as part of a multi-million dollar class action settlement.

The $425 million settlement involves the bank's popular 360 Savings accounts, which a lawsuit alleges was "deceptively marketed," "cheating" millions of customers out of more than $2 billion in interest.

A settlement agreement was reached and a key deadline was met earlier this month. A final approval hearing for the settlement will soon take place, marking a pivotal moment in the proceedings as consumers await payments.

Here's what to know:

What happened?

The Consumer Financial Protection Bureau accused Capital One of failing to raise interest rates on its 360 Savings account, instead freezing interest rates at a "low level while rates

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