NYSE:COF 30 September 2025 - 12 January 2026

Shares of Capital One Financial Corporation are starting next week under pressure after U.S. President Donald Trump proposed capping credit card interest rates at 10% for one year. The stock closed Friday down 2.53%, settling at $249.20.

Capital One Financial Corporation ended the Christmas Eve session on a high note—then eased modestly in extended trading—capping a holiday-shortened day in which U.S. stocks pushed to fresh records amid light volume.

In January 2025, the Consumer Financial Protection Bureau accused Capital One of luring savers with promises of “high interest” returns on its 360 Savings account while quietly freezing that rate at 0.3%. The bureau said the bank simultaneously rolled out a 360 Performance Savings account with the same terms and conditions but far better returns—up to 4.3% during the Federal Reserve’s rapid rate hikes eu.usatoday.com. According to the CFPB, Capital One did not notify existing customers about the higher‑earning product and kept them in the dark about the rate differential masslive.com. The bureau’s director, Rohit Chopra, alleged that the practice “cheated families out of billions of dollars” and violated truth‑in‑savings rules eu.usatoday.com.

Capital One’s $425 million settlement stems from a years-long fight over alleged bait-and-switch tactics. The crux of the case is that Capital One promoted its “360 Savings” account as a top high-yield product, yet kept its rate locked at about 0.30% even as national rates climbed. At the same time, the bank quietly introduced a nearly identical “360 Performance Savings” account, which did pay much higher interest reuters.com consumerfinance.gov. Existing 360 Savings customers were largely kept in the dark – for example, Capital One reportedly removed most references to the old account on its website and even barred employees from telling customers about the new higher-rate account consumerfinance.gov. In January 2025, the Consumer Financial Protection Bureau sued Capital One for this very scheme, estimating it cost consumers over $2 billion in lost interest consumerfinance.gov. CFPB Director Rohit Chopra blasted the bank for “cheating families out of billions” by baiting them with impossible promises consumerfinance.gov.