Capital One
Allegations: Misrepresenting that it protects consumers’ personal information when it failed to do so and there was a data breach between 2022 and 2023
In June 2024, multiple class-action lawsuits regarding Capital One’s 360 savings accounts were transferred to be heard together as part of multidistrict litigation (MDL). Click here and here to see the transfer orders. More information on the MDL is below.
In Re: Capital One 360 Savings Account Interest Rate Litigation
24-md-3111, E.D. Va.
(2024)
360 Savings Account
Misleadingly advertising accounts as “high interest” savings accounts without notifying accountholders that a higher interest rate account became available
Settlement reached; class members object; state attorneys general file opposition; final approval denied
https://capitalone360savingsaccountlitigation.com/
Allegations: Misrepresenting that it protects consumers’ personal information when it failed to do so and there was a data breach between 2022 and 2023
Allegations: Representing that the credit card company charges Cash Advance Fees on cash loans or cash equivalents
Allegations: Falsely promising not to charge fees for using in-network ATMs
Allegations: Falsely advertising that consumers can get pre-approved for credit cards in a process that does not affect their credit score when the company runs a type of credit report…
Allegations: Marketing Zelle money transfers as fast, safe, and secure without disclosing that there is no protection for victims of fraud and no recourse for reimbursement of lost funds
Allegations: Misleadingly representing that it would help credit card customers during the COVID-19 pandemic when the company systematically denied customers’ requests for help
Some class-action settlements that left consumers out in the cold.
When it comes to credit cards offering unlimited cash back, it’s a numbers game.