Here’s the latest I can summarize from recent reporting:
If you’d like, I can pull the exact court docket numbers, summarize who qualifies, and list upcoming deadlines and hearing dates from the latest filings. I can also provide a short explainer of how the revised settlement changes the interest-rate terms for 360 Savings customers. Would you like that?
Sources:
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, two months after an earlier accord was rejected.
www.reuters.comMaryland Attorney General Anthony Brown announced a revised settlement with Capital One, requiring the bank to pay $425 million in restitution and offer better
foxbaltimore.comIn a major financial reckoning six years in the making, Capital One has agreed to pay $425 million to settle a sweeping class action lawsuit...
successfulparentingplan.comCapital One $425 million depositor settlement wins preliminary approval after earlier rejection
www.investing.comSettlement doubled in value after AG Bonta demanded a better deal for consumers OAKLAND — California Attorney General Rob Bonta today commended the preliminary approval of a new class action settlement and related resolution of claims by the attorneys general that, if approved by the court, will require Capital One to provide $425 million in restitution and better interest rates for its 360 Savings customers who were cheated out of higher interest payments on their savings accounts for years.
oag.ca.govCustomers who have had 360 Savings accounts since September 18, 2019, will get $425 million from Capital One Bank, according to news. This comes after the
dbrau.org.inA federal judge rejected Capital One's $425 million settlement with depositors who said they were cheated out of high interest rates, saying the payout was too small and millions of account holders would continue to be short-changed.
www.reuters.comThe last day to select your payment option for the Capital One settlement is this week.
www.usatoday.comA $2.4M Capital One settlement offers cash to consumers incorrectly reported as deceased and whose disputes the bank failed to resolve.
www.classaction.org