Case: Consumer Financial Protection Bureau (CFPB) v. Capital One, National Association
1:25-cv-00061 | U.S. District Court for the Eastern District of Virginia
Filed Date: Jan. 14, 2025
Closed Date: Feb. 27, 2025
Clearinghouse coding complete
Case Summary
This is a case challenging a national bank’s longstanding business practices.
On January 14, 2025, the Consumer Financial Protection Bureau (CFPB) filed this lawsuit in the U.S. District Court for the Eastern District of Virginia. The CFPB sued Capital One, National Association (CONA) and Capital One Financial Corporation (COFC) for violations of the Consumer Financial Protection Act of 2010 (CFPA) and the Truth in Savings Act (TISA). Capital One offered a “high interest” savings account called “360 Savings.” The CFPB alleged that Capital One took advantage of 360 Savings accountholders’ lack of understanding of the risks that accompanied those accounts, asserting that Capital One avoided paying these accountholders the substantial additional interest it would have paid them had the consumers understood the risks. It further alleged that Capital One purposely made misrepresentations when advertising the 360 Savings product. The CFPB sought a permanent injunction, monetary relief to redress injuries to consumers, civil money penalties, and attorney’s fees. The case was assigned to District Judge David J. Novak.
On January 15, 2025, the court directed the parties to file separate pleadings that addressed whether the instant case should be consolidated with a multidistrict litigation case (In Re: Capital One 360 Savings Account Interest Rate Litigation – Case Number 1:24md3111) that was already being litigated before the court.
On February 4, 2025, the CFPB filed an emergency motion for a temporary stay of deadlines relating to positions on consolidation. It explained that with the change in administration, the new Acting Director of the CFPB directed the Bureau’s counsel to not make filings or appearances in any litigation, other than to seek a pause in proceedings. Later that day, the court denied the emergency motion for a temporary stay, but granted a filing extension for both parties until February 14, 2025.
On February 27, 2025, the CFPB filed a notice of voluntary dismissal. Later that day, the court dismissed the case.
Summary Authors
Alexis Gil (6/18/2026)
People
For PACER's information on parties and their attorneys, see: https://www.courtlistener.com/docket/69605802/parties/consumer-financial-protection-bureau-cfpb-v-capital-one-national/
Novak, David (Virginia)
Johnson, Tassity (Virginia)
Miller, Kara (Virginia)
Renner, James (Virginia)
Mainigi, Enu (Virginia)
Documents in the Clearinghouse
Docket
See docket on RECAP: https://www.courtlistener.com/docket/69605802/consumer-financial-protection-bureau-cfpb-v-capital-one-national/
Last updated Sept. 9, 2026, 3:18 a.m.
Docket for: Consumer Financial Protection Bureau (CFPB) v. Capital One, National Association
Case Details
State / Territory:
Case Type(s):
Fair Housing/Lending/Insurance
Special Collection(s):
Trump Administration 2.0: Reversing Course on Existing Litigation
Key Dates
Filing Date: Jan. 14, 2025
Closing Date: Feb. 27, 2025
Case Ongoing: No
Plaintiffs
Plaintiff Description:
The plaintiff is the Consumer Financial Protection Bureau (CFPB). The Bureau is an independent agency of the United States charged with regulating the offering and provision of consumer financial products or services under the Federal consumer financial laws.
Plaintiff Type(s):
Non-DOJ federal government plaintiff
Public Interest Lawyer: No
Filed Pro Se: No
Class Action Sought: No
Class Action Outcome: Not sought
Defendants
Private Entity/Person
Capital One Financial Corporation (COFC)
Capital One, National Association (CONA)
Defendant Type(s):
Facility Type(s):
Case Details
Other Dockets:
Eastern District of Virginia 1:25-cv-00061
Available Documents:
Outcome
Prevailing Party: None Yet / None
Relief Sought:
Relief Granted:
Source of Relief:
Form of Settlement:
Issues
General/Misc.:
Case Summary of Consumer Financial Protection Bureau (CFPB) v. Capital One, National Association, Civil Rights Litig. Clearinghouse, https://clearinghouse.net/case/48226/ (last updated 6/18/2026).