Banking
Capital One class action lawsuit
Capital One is a defendant in In Re: Capital One 360 Savings Account Interest Rate Litigation, a proposed class action filed on June 7, 2024 in District Court, E.D. Virginia.
The court record lists the nature of suit as 190 Contract: Other, on docket 1:24-md-03111.
The most recent filing Sparrow has read from the docket is dated April 20, 2026.
Case details
- Case
- In Re: Capital One 360 Savings Account Interest Rate Litigation
- Court
- District Court, E.D. Virginia
- Docket number
- 1:24-md-03111
- Case filed
- June 7, 2024
- Nature of suit
- 190 Contract: Other
- Most recent filing
- April 20, 2026
What this case is about
The case concerns a proposed class action alleging a breach of contract involving interest rates for Capital One 360 savings accounts. The filings indicate that the parties are seeking final approval of a class action settlement.
This summary describes the court filings listed below. It is not legal advice, and it does not establish whether you are a member of any class. That is set by the court-approved class definition.
Recent court filings
- Exhibit 1
- ORDER:(Approving Class Action Settlement; Awarding Attorneys' Fees, Expenses and Service Awards; Granting Motion for App
- Minute Entry for proceedings held before District Judge David J. Novak:Settlement Approval Hearing held on 4/20/2026. Ap
- Memorandum of Law in Opposition re 323 Plaintiffs' MOTION for Appeal Bond, 313 Plaintiffs' MOTION for Final Approval of
What happens next in a class action
- The complaint is filed. One or more named plaintiffs sue on behalf of a proposed class of people they say were harmed in the same way.
- Motions and discovery. The defendant usually asks the court to dismiss the case. If it survives, both sides exchange evidence, which can take a year or more.
- Class certification or settlement talks. The court decides whether the case can proceed on behalf of the whole class. Many cases settle around this point; others are dismissed.
- Preliminary approval. If the parties settle, the judge reviews the terms. Once preliminarily approved, a court-appointed administrator notifies class members and opens claims.
- Final approval and payment. After the claim deadline, the court holds a fairness hearing. Payments go out after final approval and any appeals, often months later.
Frequently asked questions
Is there a settlement in the Capital One class action yet?
Check the recent court filings on this page: a motion for preliminary or final approval of a settlement means the parties have agreed to settle. Once a settlement is approved, the court-appointed administrator publishes the claim form, the eligibility rules and the deadline, and Sparrow links its own settlement page here when it lists that settlement.
Can I join this lawsuit?
You usually do not need to sign up to be part of a class action. If the court certifies a class or approves a settlement, everyone who fits the class definition is included, and you would file a claim with the administrator to get paid.
Do I need a lawyer?
No. Class members are represented by class counsel, who are paid from any settlement or judgment. You can hire your own lawyer, but it isn't required to file a claim. Sparrow is not a law firm and does not give legal advice.
How much could the payout be?
Nobody knows until the case settles or goes to trial. A settlement sets the total fund and how it is divided, and the per-person amount often depends on how many valid claims are filed.
How to check the official record
The full docket is public. If a settlement is approved, the court-appointed administrator, not Sparrow, publishes the claim form, the eligibility criteria, and the filing deadline.
View the docket on CourtListenerFind settlements you can file today
Sparrow tracks class action settlements that are open for claims and fills out the paperwork for you.
Browse open settlementsSparrow is a class action discovery platform, not a law firm, and is unaffiliated with any parties to this case. Case information is drawn from the public court record via CourtListener and may not reflect the most recent filings.
