Posted inBanking and Financial Institutions 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
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.