Capital One will pay $425 million in restitution and raise interest rates for affected savings customers The money willl go to consumers who held 3

Capital One Finance has agreed to pay $425 million over claims it misled consumers about a high-yield savings program.

U.S. District Judge ‍David Novak in Alexandria, Virginia, ruled ​after Capital One agreed to pay higher interest rates going forward to depositors with 360 ​Savings accounts, a ⁠benefit worth about $530 million in addition to the original $425 million according to the depositors' lawyers.

President Trump's proposed 10% interest rate cap on credit cards comes as his administration grapples with affordability issues.

Problems with a third-party vendor that Capital One uses are affecting some bank customers' ability to access money online and igniting anger on social media. The bank said in a statement to CNN that a "technical issue experienced by a third-party vendor ...

Capital One sometimes offers promotional bonuses for opening a new account and completing certain requirements. See if there are any bonuses available now.

The US credit card giant Capital One is exploring alternatives to Amazon Web Services due to rising AI infrastructure costs, according to an internal .