Capital One settlement payout to customers ‘substantially delayed’

Capital One settlement payouts to customers are substantially delayed. This settlement resolved a class action lawsuit alleging that Capital One failed to raise interest rates on 360 Savings accounts to be commensurate with the rates paid on the 360 Performance Savings account. Although the legal dispute has been put to rest, the distribution of funds to the eligible account holders has faced significant setbacks, leaving customers waiting for their expected payments from the financial institution.