capital one $425m settlement payout

A federal judge approved a $425 million settlement from Capital One for a class action lawsuit over interest rates on its savings accounts. The approval was granted on April 20. If there is no appeal, settlement payments are set to go out around July 27, 2026. If an appeal is filed, payments will be postponed until it is resolved. 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. The Consumer Financial Protection Bureau accused Capital One of