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.