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The Independent UK
The Independent UK
Business
Rachel Dobkin

Capital One settlement: Here’s how to get your share of the $425M

Capital One 360 Savings 360 Performance Savings

A federal judge has granted final approval of a $425 million settlement in a lawsuit against Capital One, claiming the bank deceived savings account holders.

The dispute was over how Capital One handled the transition from its 360 Savings account, introduced in 2013, to its 360 Performance Savings, an account unveiled in 2019 with a higher interest rate.

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