On November 7, 2023, American Banker published an article on Wolf Popper LLP’s class action lawsuit against Capital One. Wolf Popper LLP serves as counsel for Plaintiffs and the Putative Classes of Capital One 360 Savings accountholders. Plaintiffs filed suit in Federal District Court for the Eastern District of Virginia against Capital One, N.A. and Capital One Financial Corporation (together, “Capital One”), alleging breach of contract, violations of consumer protection statutes, unjust enrichment, and promissory estoppel. Capital One failed to disclose to its 360 Savings accountholders that it would no longer pay them a “high interest” rate on their savings because Capital One had furtively and unfairly introduced a new online savings account that paid a substantially higher rate.
Capital One 360 Savings accountholders who lost interest payments and who would like to discuss the investigation should contact Philip Black at (212) 451-9628 or pblack@wolfpopper.com or Timothy Brennan at (212) 451-9616 or tbrennan@wolfpopper.com.
Wolf Popper has successfully recovered millions of dollars for defrauded consumers. Wolf Popper’s reputation and expertise have been repeatedly recognized by the courts, which have appointed the firm to major positions in securities litigation. For more information about Wolf Popper, please visit the Firm’s website at www.wolfpopper.com.
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