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Capital One Files Lawsuit Against FDIC Over Erroneous Charges

Key Takeaways Capital One sued the FDIC over a 474.1Mspecialassessmenttiedto2023bankfailures.Thebankargues474.1M special assessment tied to 2023 bank failures.The bank argues 56B in intercompany funds were wrongly treated as uninsured deposits.COF says it owes 325M,nottheextra325M, not the extra 149M plus penalties the FDIC continues to demand.Last week, Capital One (COF) sued the Federal Deposit Insurance Corp. (FDIC) for levying an “outsized and improperly calculated” special assessment fee of $474.1 million to refill its Deposit Insurance Fund (DIF) following the collapse o ...