Capital One $425M Class Action Settlement: Do You Qualify?
Capital One agreed to a $425 million settlement over its 360 Savings account interest rates. Here’s what you need to know.
www.kiplinger.comHere are the main recent developments in Capital One class action settlements, based on current reporting:
$425 million “360 Savings” interest-rate settlement (largest)
- What it’s about: A class action alleging Capital One kept interest rates lower than customers should have earned (in particular, in relation to Capital One’s 360 Performance Savings).[3]
- Settlement size: The settlement is reported as $425 million.[3]
- Eligibility window (reported): To qualify, you generally needed a Capital One 360 Savings account during the class period described in coverage (reported as starting around Sept. 18, 2019, and ending around June 2025, depending on the article’s details).[3]
- Action/claim status: Many reports say you do not need to submit a claim to be considered, since class members are typically included automatically.[5]
- Court approval timing: Articles also note the settlement was pending judicial approval, with a hearing scheduled (reported as Nov. 6, 2025 in the coverage).[3]
$2.4 million FCRA “deceased consumers” settlement
- What it’s about: A separate class action settlement involving allegations tied to Fair Credit Reporting Act (FCRA) issues—specifically, claims that Capital One failed to investigate disputes where consumers were allegedly marked deceased.[2]
- Settlement size: Reported as $2.4 million.[2]
- Deadlines and approval: Reporting indicates there were exclusion/objection deadlines and a final approval hearing date, with payments beginning only after final approval and appeals (details vary by article).[4]
If you tell me which one
If you share which settlement you mean (the $425M 360 Savings one vs the $2.4M FCRA one) and roughly when you had the account, I can help you identify what to check (eligibility window, whether a claim is required, and what deadlines matter).