Latest news with #WPIX
Yahoo
4 days ago
- Business
- Yahoo
Capital One $425M class action settlement: Do you qualify?
NEW YORK (WPIX) — Capital One has agreed to a $425 million settlement to resolve claims that it failed to raise interest rates for 360 Savings accounts. The settlement includes customers who maintained a Capital One 360 Savings account between Sept. 18, 2019, and June 16, 2025. Here's what to know. What is the class action settlement about? Earlier this year, the Consumer Financial Protection Bureau sued Capital One over its savings accounts, accusing the company of freezing its rate at a low level for several years, despite rising rates nationally, 'cheating' customers out of more than $2 billion in lost interest payments as a result. Multiple lawsuits have been brought against Capital One over the 360 Savings accounts, which are now being overseen by a federal judge in Virginia. New York parents fight insurance denial for baby's life-saving brain surgery Capital One, which has not admitted to wrongdoing, has agreed to pay a $425 million class action settlement. Who qualifies? If you had a 360 Savings account with Capital One between September 18, 2019, and June 16, 2025, you may qualify for a portion of the $425 million settlement. Capital One will provide a list of those customers for the settlement but qualifying members have also received a notice. You do not need to file a claim to receive a payout. However, you'll need to use the ID and four-digit PIN found on the settlement notice to select your payment option online. The deadline to make your selection is October 2, 2025. Daylight saving time: Will this be the last time we 'fall back?' Settlement administrators note that, if you opt for a paper check, you will not receive one if your payout amount is less than $5. If you opt for an electronic payment, you'll receive your payout regardless of how much it is. How much will I receive? Part of the $425 million settlement will be dispersed to qualifying account holders, totalling what they 'would have earned if their 360 Savings account(s) had paid the interest rate then applicable to the 360 Performance Savings account.' The latter are accounts that did see rising rates, but that were allegedly hidden from those with 360 Savings accounts. A portion of the settlement, $125 million, is earmarked for paying qualifying account holders 'additional interest payments.' According to the settlement website, Capital One will 'maintain an interest rate on the 360 Savings account of at least two times the national average rate for savings deposit accounts as calculated by the FDIC' to those who still have 360 Savings accounts. Those payments will continue until all of the $125 million has been dispersed. Payouts will be determined based on the life of the account and how much interest you would have received if you had a 360 Performance Savings account, 'multiplied by a to-be-determined value.' Payouts for those who still have an active 360 Savings account will be calculated nearly the same, except without a multiplier. Why your phone's weather forecast can be way off You will also receive the aforementioned 'additional interest payments' if you keep your Capital One 360 Savings account open after October 2, 2025. You do not need to file a claim for these payments. If your account has already closed or been converted to a 360 Performance Savings account — or you do either before October 2 — 'you will receive a Class Cash Payment that is currently estimated to be approximately 15% larger,' the settlement site explains. The final approval hearing for the settlement is scheduled for Nov. 6, 2025. Individual payment amounts will vary and have not yet been specified. The Associated Press contributed to this report. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
The Hill
4 days ago
- Business
- The Hill
Capital One $425M class action settlement: Do you qualify?
NEW YORK (WPIX) — Capital One has agreed to a $425 million settlement to resolve claims that it failed to raise interest rates for 360 Savings accounts. The settlement includes customers who maintained a Capital One 360 Savings account between Sept. 18, 2019, and June 16, 2025. Here's what to know. What is the class action settlement about? Earlier this year, the Consumer Financial Protection Bureau sued Capital One over its savings accounts, accusing the company of freezing its rate at a low level for several years, despite rising rates nationally, 'cheating' customers out of more than $2 billion in lost interest payments as a result. Multiple lawsuits have been brought against Capital One over the 360 Savings accounts, which are now being overseen by a federal judge in Virginia. Capital One, which has not admitted to wrongdoing, has agreed to pay a $425 million class action settlement. Who qualifies? If you had a 360 Savings account with Capital One between September 18, 2019, and June 16, 2025, you may qualify for a portion of the $425 million settlement. Capital One will provide a list of those customers for the settlement but qualifying members have also received a notice. You do not need to file a claim to receive a payout. However, you'll need to use the ID and four-digit PIN found on the settlement notice to select your payment option online. The deadline to make your selection is October 2, 2025. Settlement administrators note that, if you opt for a paper check, you will not receive one if your payout amount is less than $5. If you opt for an electronic payment, you'll receive your payout regardless of how much it is. How much will I receive? Part of the $425 million settlement will be dispersed to qualifying account holders, totalling what they 'would have earned if their 360 Savings account(s) had paid the interest rate then applicable to the 360 Performance Savings account.' The latter are accounts that did see rising rates, but that were allegedly hidden from those with 360 Savings accounts. A portion of the settlement, $125 million, is earmarked for paying qualifying account holders 'additional interest payments.' According to the settlement website, Capital One will 'maintain an interest rate on the 360 Savings account of at least two times the national average rate for savings deposit accounts as calculated by the FDIC' to those who still have 360 Savings accounts. Those payments will continue until all of the $125 million has been dispersed. Payouts will be determined based on the life of the account and how much interest you would have received if you had a 360 Performance Savings account, 'multiplied by a to-be-determined value.' Payouts for those who still have an active 360 Savings account will be calculated nearly the same, except without a multiplier. You will also receive the aforementioned 'additional interest payments' if you keep your Capital One 360 Savings account open after October 2, 2025. You do not need to file a claim for these payments. If your account has already closed or been converted to a 360 Performance Savings account — or you do either before October 2 — 'you will receive a Class Cash Payment that is currently estimated to be approximately 15% larger,' the settlement site explains. The final approval hearing for the settlement is scheduled for Nov. 6, 2025. Individual payment amounts will vary and have not yet been specified.
The Hill
05-08-2025
- Health
- The Hill
Second person dies from Legionnaires' disease in NYC
NEW YORK CITY (WPIX) – The community cluster of Legionnaires' disease in Central Harlem continues to grow, with a second death reported by the New York City Health Department. Fifty-eight people have now been diagnosed since July 25. Legionnaires' disease is a type of pneumonia caused by the bacterium Legionella, which thrives in warm water. People can contract Legionnaires' disease by inhaling water vapor that contains Legionella bacteria. The cluster has been reported in zip codes 10027, 10030, 10035, 10037, 10039 and bordering communities, according to officials. Anyone living or working in the area who experiences flu-like symptoms, including a cough, fever, chills, muscle aches or difficulty breathing, should contact a healthcare provider immediately. Remediation has been completed on the 11 cooling towers that tested positive for Legionella last week, according to the Department of Health and Mental Hygiene. 'Anyone in these zip codes with flu-like symptoms should contact a health care provider as soon as possible,' said Acting Health Commissioner Dr. Michelle Morse. 'Legionnaires' disease can be effectively treated if diagnosed early, but New Yorkers at higher risk, like adults aged 50 and older and those who smoke or have chronic lung conditions, should be especially mindful of their symptoms and seek care as soon as symptoms begin.' The disease can be treated with antibiotics and cannot be transmitted from person to person.
The Hill
29-07-2025
- Business
- The Hill
Blackstone executive killed in NYC shooting ID'd: ‘Beloved member of the Blackstone family'
NEW YORK (WPIX) – Blackstone executive Wesley LePatner was identified as one of the victims killed in the mass shooting at a Manhattan skyscraper. on Monday, according to a spokesperson for the company. LePatner was the Global Head of Core+ Real Estate and the CEO of Blackstone Real Estate Income Trust (BREIT), according to Blackstone's website. 4 victims, including police officer, killed in Manhattan mass shooting: NYPD 'Words cannot express the devastation we feel. Wesley was a beloved member of the Blackstone family and will be sorely missed,' a representative for the investment company said in a statement. LePatner's colleagues described her as 'brilliant, passionate, warm, generous, and deeply respected within our firm.' According to her LinkedIn profile, LePatner spent more than a decade at the company after previously working for Goldman Sachs. She was a Yale graduate and also sat on the board of the Metropolitan Museum of Art. NYC gunman wanted to 'preserve brain' for research after shooting: Adams LePatner was one of four people shot and killed by 27-year-old Shane Tamura from Las Vegas, when he opened fire inside a Manhattan skyscraper around 7 p.m. on Monday. Authorities say the Blackstone executive took cover behind a pillar before the gunman began shooting into the building's lobby. Police officer Didarul Islam, a building security guard and a person in the building's Rudin Management office were also killed in the mass shooting, officials have reported. An NFL staffer was also shot and has been listed in critical condition. New York City Mayor Eric Adams visited the scene on Monday and confirmed that Tamura had had died from an apparent self-inflicted gunshot wound.
The Hill
17-07-2025
- Health
- The Hill
Man wearing metal chain sucked into MRI machine in New York: Police
WESTBURY, N.Y. (WPIX) – A man was critically injured during an incident with an MRI machine on Long Island, New York, on Wednesday, according to the Nassau County Police Department. Police said it happened at Nassau Open MRI in the village of Westbury around 4:30 p.m. A 61-year-old man entered a magnetic resonance imaging room without permission while the machine was in progress, according to authorities. Police said the man was wearing a large metallic chain around his neck, causing him to be sucked into the machine. Man accused of driving with 75+ propane tanks in van in Manhattan: FDNY The man suffered a 'medical episode,' according to authorities. Police said he was taken to a local hospital in critical condition. No other details were immediately provided. MRI machines detect disease or ailments by using very powerful magnets to create a strong magnetic field to scan the body and produce images of its 'non-bony parts or soft tissues,' according to the National Institute of Biomedical Imaging and Bioengineering. 'The magnetic field extends beyond the machine and exerts very powerful forces on objects of iron, some steels, and other magnetizable objects; it is strong enough to fling a wheelchair across the room,' it stated.
