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Capital One to Pay $425 Million to Settle Suit Over Savings Accounts

Depositors said the bank cheated them out of higher interest rates. As part of the settlement, the bank admitted no wrongdoing and agreed to make up for lost interest earnings.

Simon J. Levien
Author: Simon J. Levien

Written by

Simon J. Levien

in

Capital One Financial Corporation, Compensation for Damages (Law), Consumer Financial Protection Bureau, Decisions and Verdicts, Ethics and Official Misconduct, Interest Rates, Suits and Litigation (Civil), United States Politics and Government
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