Capital One to pay $425 million to settle litigation over savings accounts [Yahoo! Finance Canada]
Discover Financial Services (DFS)
Last discover financial services earnings: 4/22 05:35 pm
Check Earnings Report
US:NYSE Investor Relations:
investorrelations.discover.com
Company Research
Source: Yahoo! Finance Canada
A notice describing the preliminary settlement was filed on Friday evening in U.S. federal court in Alexandria, Virginia. The accord requires a judge's approval. Depositors said Capital One falsely promised high interest rates on its 360 Savings accounts while quietly offering much better rates to new customers on the similarly named 360 Performance Savings accounts. The 360 Savings depositors said Capital One froze their rates at 0.3% while offering rates to 360 Performance Savings depositors that peaked at 4.35% early last year. The higher-yielding account now yields 3.6%. Under the settlement, Capital One will pay 360 Savings depositors $300 million to cover interest they could have received on 360 Performance Savings accounts. It also will pay $125 million of additional interest to depositors who still have 360 Savings accounts. The settlement covers depositors with 360 Savings accounts at any time since September 18, 2019. Legal fees will be paid from the settlement. C
Show less
Read more
Impact Snapshot
Event Time:
DFS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DFS alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DFS alerts
High impacting Discover Financial Services news events
Weekly update
A roundup of the hottest topics