Capital One lawsuit: Millions of customers could get payout after judge approves $425 million settlement

LOS ANGELES (KABC) — Millions of Capital One customers could soon see a boost to their bank accounts after a federal judge approved a $425 million lawsuit settlement following a two-year court battle.

The bank was accused of steering customers away from savings accounts that offered higher interest rates.

The settlement applies to customers who had a Capital One 360 savings account between September 2019 and June 2025.

The judge rejected an initial settlement last November for not fairly compensating customers. To learn more, click here, or visit https://capitalone360savingsaccountlitigation.com/.