Depositors said the bank cheated them out of higher interest rates. As part of the settlement, the bank admitted no wrongdoing and agreed to make up for lost interest earnings.

The tentative settlement represents a step toward resolving an issue that hung over Capital One's acquisition of Discover. That blockbuster deal closed on Sunday.

Capital One has agreed to settle a nationwide lawsuit alleged the bank misled customers on interest rates. Here's what to know in New Jersey.

Letitia James’s lawsuit claimed Capital One promised depositors one of the country’s highest interest rates on their 360 Savings accounts, yet froze their rate at just 0.30% even as

A bank known for having “one of the nation’s best savings rates” is actually misleading customers, Attorney General Letitia James said. New York Attorney General Letitia James accused Capital One of misleading customers into going for a savings account with a lower interest rate than what should have been available to

New York Attorney General Letitia James is accusing Capital One of deliberately deceiving customers and obscuring higher interest rates. The lawsuit comes less than three months after the CFPB dropped a similar case against the bank.

NEW YORK (Reuters) -Capital One was sued on Wednesday by New York Attorney General Letitia James, who accused the bank of cheating depositors with its flagship "high interest" savings accounts out of millions of dollars in interest.

Capital One reached a $425 million settlement in order to end a nationwide class-action lawsuit. Capital One allegedly deceived its savings account clients by failing to disclose more profitable interest-bearing options.

Capital One Financial Corporation COF has agreed to pay $425 million to settle a lawsuit accusing it of deceiving savings account depositors. On Friday, a notice was filed describing the preliminary settlement in U.