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Capital One agrees to pay $425m in revised agreement over interest on savings accounts

( January 12, 2026, 18:00 GMT | Official Statement) -- MLex Summary: Capital One agreed to pay $425 million to settle claims that it cheated consumers out of higher interest payments on their savings accounts, New York Attorney General Letitia James announced. James led a bipartisan coalition of attorneys general in opposing an earlier proposed a class action settlement for not delivering enough to affected consumers. “Today we are delivering justice for those customers nationwide and ensuring that they will receive the higher interest rates they were originally promised. I look forward to seeing this settlement approved and will always fight to ensure New Yorkers are treated fairly by their banks,” she said.Statement follows below:...

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