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Judge Approves $425 Million Capital One Settlement, Payments July 21

4/27/2026

Summary

Story summary

Los Angeles federal judge approved a $425 million settlement for Capital One 360 Savings customers, with payments July 21.
The deal raises the payout pool from $300 million to $425 million and aligns future interest rates.
Eligibility includes anyone with a 360 Savings account (not 360 Performance) from Sep 18 2019 to Jun 16 2025, including joint holders.
After fees are deducted, qualifying customers receive automatic cash payments, electronically if chosen before March 30, otherwise a check over $5.

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Story summary

Los Angeles federal judge approved a $425 million settlement for Capital One 360 Savings customers, with payments July 21.
The deal raises the payout pool from $300 million to $425 million and aligns future interest rates.
Eligibility includes anyone with a 360 Savings account (not 360 Performance) from Sep 18 2019 to Jun 16 2025, including joint holders.
After fees are deducted, qualifying customers receive automatic cash payments, electronically if chosen before March 30, otherwise a check over $5.