This article will inform you about the Capital One Bank Settlement Class Action 2024 Payment Status, Eligibility, and Payment Date. Capital One settled its class action lawsuit in 2021 for 190,000,000 USD following the data breach of 2019. The settlement is a federal compensation to those who lost money due to the hacking of the system. In 2024, settlement funds will be used to pay out-of pocket losses in defense services. Payment will be sent via email to the eligible recipient. Continue reading this article to learn more about Capital One Bank Settlement 2024 and its payment status.
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Capital One Bank Settlement 2024
A hacker gained access to the personal information of approximately 98,000,000 individuals in July 2019. The security breach had severe consequences and led to a settlement. This is a class-action lawsuit that was made to deal with the aftermath of an event. Capital One Bank Settlement is offered to Americans since 28 Sep 2023.
Payments have been made to the leading administrator who was charged with the settlement. All-inclusive approaches aim to provide affected individuals with the assurance of compensation as soon as possible. The settlement amount will allow eligible individuals to receive credit monitoring, reimbursement of certain expenses, and protection against identity theft.
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Capital One Class Action Settlement Payment Update 2024
| Company Name | Capital One |
| Payment Status | The class action members who have claimed the timeline will receive the documents in batches |
| Country | USA |
| Settlement Fund | $190 Million |
| Categories | Finance |
| Official Website | https://capitalonesettlement.com/ |
Class Action Payment Status
Capital One’s administration has agreed to pay the hacker who is convicted for a data breach in 2024. Settlement is for class members who filed valid claims in a timely manner. This amounts to USD 25,000 per person. Claimants are paid digitally through the settlement administrator. Individuals who meet the requirements receive their payment.
Capital One Bank Settlement was filed on behalf of 98 million people. The federal government has filed a claim for victims to receive their money. Capital One’s class action payment began on 27 December 2023. Eligible individuals can submit their forms via the leading portal. Claimants who did not receive their payment will have another opportunity to do so.
The Settlement
- Capital One Bank’s legal case was settled for $16 million in June 2024.
- The settlement relates to the representation fees that were charged between September 1, 2015. and January 12, 2020.
- It is likely that the deadline for filing claims has passed.
- The distribution of settlement funds is expected to occur in July 2024.
- Contact your bank to request a refund if you find an unjust NSF fee. This is especially true if the funds were available soon after.
Capital One Bank Settlement Eligibility
| Criteria | Details |
|---|---|
| Eligibility | US residents whose personal details (name, address, bank account numbers, and Social Security Number) were accessed by the Capital One data breaches. |
| Notice and Claim Deadline | Individuals who received a notice and filed a valid claim by November 27, 2023. |
| Settlement Distribution | Verified eligible individuals will receive a direct deposit. |
| Additional Assistance | All members of the Settlement Class, regardless of the claim filed, will receive credit assistance. |
Amount
- The settlement in the Capital One Bank Case has reached $16 million. All claimants who qualify and file their claims within the claim window will receive a split of this total amount.
- The amount of money awarded to each claimant depends on the number of valid claims filed.
- Remember that the settlement amount of $16 million is the total, not the individual amounts.
Capital One Settlement Date 2024
| Aspect | Details |
|---|---|
| Settlement Amount | $190 million |
| Payment per Class Member | $25,000 |
| Claim Submission Deadline | November 27, 2023 |
| Distribution Start Date | September 28, 2023 |
| Current Status | Settlement has been won; payments are being distributed. |
| Payment Delay | Possible, with the payout date yet to be announced. |
| Email Acknowledgement | Will be sent before the payment is made. |
| Claim Validity | Claim must be submitted by the deadline to be eligible. |
Data Breach Lawsuit
- Capital One Bank’s data breach case was settled in 2022.
- The lawsuit was brought about by a data breach that occurred in 2019. This breach exposed highly sensitive information of customers.
- The deadline for filing a claim has passed.
- Affected persons can continue to use services to protect their identities until February 13, 2028.
- This additional assistance is available to those who have missed the deadline for filing a claim.
- The lawsuit concerning Capital One’s representation fee is distinct from the data breach lawsuit.
Conclusion
Capital One’s 2024 Bank Settlement is a major step in addressing complaints about the bank. Eligible claimants can expect their settlement payments to be made according to the schedule. Keep up to date with your claim status, and make sure all documentation is provided. Check the official settlement site or contact the administrator directly for the most up-to-date and accurate information.
FAQs
What is the Capital One Settlement amount?
The total settlement is $190 Million.
Who is eligible to receive the Capital One Settlement Settlement?
U.S. residents affected in 2019 by data breach
What is the maximum amount that a person can receive?
Maximum of $25,000 per individual
When does the payment distribution begin?
September 28, 2023
How will payments be made to the recipients?
Payments are made digitally via email.