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• CAPITOL ONE FINANCIAL CORP SERIES

We will pay dividends on the Preferred Stock, when, as, and if declared to the extent that we have lawfully available funds to pay dividends.ĭividends will accrue and be payable from the date of issuance at a rate of % per annum, payable quarterly in arrears, on March 1, June 1, You must exercise any such rights through the depositary. Of depositary shares, you will be entitled to all proportional rights and preferences of the Preferred Stock (including dividend, voting, redemption and liquidation rights).

CAPITOL ONE FINANCIAL CORP SERIES

Non-cumulative perpetual preferred stock, Series N (the “Preferred Stock”), with a liquidation preference of $25 per depositary share (equivalent to $1,000 per share of Preferred Stock).

Of our depositary shares each representing a 1/40th ownership interest in a share of our fixed rate Interest in a Share of Fixed Rate Non-Cumulative PRELIMINARY PROSPECTUS SUPPLEMENT (To prospectus dated March 12, 2021)ĭepositary Shares Each Representing a 1/40 th Subject to completion, dated July 26, 2021 This preliminary prospectus supplement and the accompanying prospectus are not an offer to sell these securities, and are not soliciting an offer to buy these securities, in any jurisdiction where the Prospectus is not complete and may be changed. Was your personal or financial information compromised in the Capital One data breach? We want to hear from you! Tell us about your experience in the comment section below.The information in this preliminary prospectus supplement and the accompanying Capital One has set aside funds for the settlement and is investing in its cybersecurity program under new leadership, it said in a statement. Last year, the bank agreed to pay $80 million to settle regulators’ claims that it lacked proper cybersecurity procedures as it began to use cloud storage technology. In addition, several class actions have been filed in Canada over the hack. Shortly after the breach was announced, a lawsuit was filed in New York federal court. This was not the first class action lawsuit to be filed over the Capital One data breach. Neither Capital One nor Amazon detected the data breach, regarded as one of the largest incidents of data theft, for months despite the fact that the rogue employee publicly posted about their hacking accomplishment on social media sites, the class action lawsuit claimed. The plaintiffs said Amazon’s bad data protection policies failed to detect or stop the hack that now affects hundreds of millions of everyday consumers. Rogue Amazon Employee Exposed Sensitive Personal Customer Information For Months, Class Action SaysĪ rogue Amazon employee exposed sensitive personal customer information for months, the class action said. In addition to Capital One, the plaintiffs also named Amazon and its subsidiaries as defendants responsible for the exposure. Stolen information allegedly included Social Security Numbers, bank accounts, credit scores and other financial information, along with names, addresses, phone numbers, birth dates and email addresses.

Lead plaintiffs Brandi Edmondson, Brandon Hausauer, Sara Sharp and Gary Ziekicke say that the Capital One data breach exposed the personal and financial information of small businesses and individuals who applied for credit card products between 20.

The nationwide class action lawsuit was initially filed in a Virginia federal court in March 2021, alleging the breach exposed the personal information of more than 106 million individuals in the United States and Canada. The pair deny liability for the breach, reportedly saying they were settling “in the interest of avoiding the time, expense and uncertainty of continued litigation.” The settlement releases Capital One and its cloud services provider, Amazon Web Services, from claims the pair were negligent with customer data.