State AGs Challenge Capital One's $425M Settlement, Say Deal 'Perpetuates' Deceit

“The premise of the Proposed Settlement is that class members will remain in 360 Savings accounts that pay materially lower interest than otherwise-identical 360 Performance Savings accounts, and Capital One will continue to profit from an artificial distinction of its own making. The parties call this an ‘excellent result,’” 18 state attorneys general argued, pushing a Virginia federal court to reject the deal.