New York (WPIX) – Capital One agreed on $ 425 million.
The agreement contains customers who, from 2019, September 18th. And 2025. June 16th Passed the Capital One 360 savings account.
That’s what to know.
Earlier this year, the Consumer Financial Protection Bureau has applied to Capital One for its savings accounts, accusing the company’s freezing of low levels for several years, despite increasing national levels, “Defeating” customers from more than $ 2 billion lost interest payments.
Numerous claims have been brought by Capital One over 360 savings accounts, which are now maintained by the Federal Virginia Judge.
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Capital One, which did not recognize illegal conduct, agreed to pay a $ 425 million class claim.
If from 2019 September 18th. By 2025 June 16th You had a 360 savings account with Capital One, you can get a share of $ 425 million. USD billing. Capital One will submit a list of those customers for payment, but qualified members also received a message.
There is no need to make a claim to receive the benefit. However, you will need to use an ID and a four -digit PIN found in the message in billing to select the payment option online. The term of your choice is 2025. October 2
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Billing administrators note that if you choose a paper inspection, you will not receive one if your payment amount is less than $ 5. If you choose an electronic payment, you will receive a benefit, regardless of how much it is.
Some of the $ 425 million The latter are accounts that show increasing rates, but allegedly have been hidden from those with 360 savings accounts.
Part of the settlement, $ 125 million. Based on the settlement site, Capital One will maintain the 360 -savings account at least twice the average savings deposit accounts calculated by FDIC for those still with 360 savings accounts. These payments will continue until all $ 125 million will be dispelled. USD.