All articles tagged with #capital one
Capital One disclosed in a Florida court filing that it closed more than 300 Trump Organization accounts in 2021 due to anti-money-laundering patterns, denying political motivation and noting a months-long, law-enforcement–style review; the Trump Organization has challenged the rationale, while Capital One says affected clients were allowed to find new banking services as the litigation unfolds.
Capital One says it closed more than 300 Trump Organization accounts in 2021 after review by its AML team, tying the closures to anti-money-laundering concerns and asking a Florida federal court to dismiss the Trump Organization’s lawsuit alleging political discrimination in debanking.
Capital One says it closed more than 300 Trump Organization accounts in 2021 after an anti-money-laundering review, a disclosure tying AML concerns to the Trump business for the first time. The bank argues the closures followed months of AML analysis in line with policy and regulatory guidance and is seeking to dismiss a Florida lawsuit alleging debanking for political reasons, noting the case has faced dismissals and amendments while the broader policy environment around banks remains charged.
Capital One says it closed more than 300 Trump Organization accounts after a months-long AML review, arguing the closures were for anti-money-laundering reasons, not political bias as the Trump Organization alleges in a 2025 lawsuit; the bank is seeking dismissal, noting that some complaints have been dismissed and others amended as the case continues in federal court.
Capital One says it closed the Trump Organization's accounts after months of anti-money laundering review, arguing the action was AML-driven and that it sought to dismiss a lawsuit alleging politically motivated debanking.
Sen. Elizabeth Warren asks Eric Trump to confirm if the Trump family will re-file its Capital One de-banking lawsuit by the July deadline as part of a Senate Banking Committee inquiry into Capital One and CFPB nominee Brian Johnson; the suit, which Capital One denies, previously was dismissed but allowed a July deadline to re-file, with the July 17 date referenced; Warren’s questions also touch on Johnson’s role in a Biden-era Capital One action and the CFPB’s staffing declines under the current administration.
A federal judge approved a $425 million settlement in a class-action lawsuit accusing Capital One of steering customers away from higher-interest savings accounts, covering Capital One 360 Savings Account holders from September 2019 to June 2025; eligible customers could receive payouts after a prior settlement was rejected.
Capital One is distributing about $425 million to current and former customers who held a Capital One 360 Savings account at any time from Sept. 18, 2019, to June 16, 2025. Payments will be issued automatically (no action required) and vary based on how long you held the account and the balance. To check eligibility, sign in to Capital One’s app or website, select the account, then view details or statements; accounts opened after June 16, 2025 are ineligible. The settlement stemmed from claims that the two accounts — 360 Savings and 360 Performance Savings — had similar names but different rates, and customers weren’t clearly told which they held.
Capital One has agreed to a $425 million settlement to resolve claims related to the 2019 data breach that exposed customers’ personal information. The settlement provides compensation to affected customers and may include access to credit monitoring and other protections. Eligibility generally covers Capital One customers whose data were compromised in the breach. To claim, go to the official settlement administrator’s site, file a claim, verify your identity and breach details, and submit by the deadline to receive cash relief and/or other benefits.
A judge approved a $425 million settlement in a Capital One case over interest-rate practices between two savings accounts. Eligible customers who held a 360 Savings account at any time from Sept. 18, 2019, to June 16, 2025, will receive cash without filing a claim; payments depend on how much extra interest they would have earned if their account had paid the higher 360 Performance Savings rate. The total fund is first reduced to cover legal and administrative costs, with the remainder distributed among eligible account holders. Payments are expected around July 21; electronic payments were optional (chosen before March 30). If the payout exceeds $5 and the customer did not elect electronic payment, they’ll receive a check; amounts under $5 go only to electronic-payees. Capital One denies wrongdoing.
Capital One announced a $5.15 billion acquisition of Brex, paying half in cash and half in stock to accelerate its payments and spend-management platform; the move follows its 2023 acquisition of Discover Financial, and shares dipped a few percent on the news.
Capital One is offering a $425 million settlement for customers misled about the interest rates on its 360 Savings Account, with a claim deadline of October 2, 2025, for those who held accounts between September 2019 and June 2025.
A group of 18 U.S. states is urging a federal judge to reject Capital One's $425 million settlement with depositors, arguing it allows the bank to continue short-changing customers by saving over $2.5 billion and providing minimal compensation for interest lost due to rate freezes on high-interest savings accounts.
Capital One has agreed to pay $425 million to settle a lawsuit claiming it failed to raise interest rates on its 360 Savings accounts despite raising rates on other accounts, benefiting account holders from September 2019 to June 2025. The settlement includes cash payments and additional interest payments for eligible account holders, with a claim deadline of October 2, 2025, and a final hearing scheduled for November 6, 2025.
Jefferies has updated its 'Franchise Picks' list, emphasizing Nvidia's dominance with next-gen chips, and highlighting other top stocks like Capital One Financial, Expand Energy, and Huntington Bancshares, each benefiting from sector-specific tailwinds such as AI, energy, and regional banking growth.