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California AGs Reject Capital One's $300M Settlement Offer

9/25/2025

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Summary

Story summary

California Attorney General Rob Bonta and 18 state AGs oppose Capital One's proposed $300 million settlement, calling it inadequate given nearly $3 billion in losses.
The settlement would allow Capital One to continue misleading customers about savings accounts.
Capital One's marketing of its '360 Savings' accounts misled consumers who were unaware of higher rates in '360 Performance Savings'.

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Story summary

California Attorney General Rob Bonta and 18 state AGs oppose Capital One's proposed $300 million settlement, calling it inadequate given nearly $3 billion in losses.
The settlement would allow Capital One to continue misleading customers about savings accounts.
Capital One's marketing of its '360 Savings' accounts misled consumers who were unaware of higher rates in '360 Performance Savings'.