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COF Faces State Opposition to $425M Saver Settlement in Court
ZACKS· 2025-09-25 16:26
Key Takeaways Eighteen states seek rejection of Capital One's $425M settlement with 360 Savings depositors.States argue the deal underpays customers who have lost billions in interest since 2019.A Nov. 6 hearing will decide on final approval, as legal challenges rise for Capital One.A bipartisan group of 18 U.S. states has proposed the rejection of Capital One’s (COF) $425 million settlement deal with depositors who accused the bank of using deceptive practices to make them think that they were earning the ...