Capital One Bank Settlement 2024 Class Action Payment Status, Eligibility, Claim, Payment Date

In this article, you’ll learn about the Capital One Bank Settlement 2024, including payment status, eligibility, claims, and payment dates. Back in 2021, Capital One agreed to pay $190 million to settle a class action lawsuit after a data breach in 2019. This settlement is meant to compensate people who lost money during the hack. In 2024, the settlement funds are being distributed as cash payments to cover out-of-pocket losses for defense services. Eligible recipients can receive up to $25,000 each, with payments being made via email. To find out more about the Capital One Bank Settlement 2024, its payment status, and other details, keep reading this article.

Capital One Bank Settlement 2024

In July 2019, a hacker gained access to the personal information of about 98 million people who had applied for a Capital One credit card. This breach was a serious issue and led to a settlement to address the aftermath. Americans affected by this breach are eligible for compensation, with payments starting on September 28, 2023.

The settlement administrator has begun distributing payments to those affected. The settlement aims to provide compensation quickly and includes benefits like credit monitoring, expense reimbursement, and identity theft protection.

Class Action Payment Status

In 2024, Capital One is handling payments related to its class action settlement, which addresses a data breach involving a convicted hacker. People who submitted valid claims by the deadline are eligible to receive $25,000 each. Payments are sent digitally through the settlement administrator to those who qualify.

The lawsuit affects around 98 million people who were impacted by the breach. Capital One began processing these payments on December 27, 2023. Eligible individuals can still submit their claims via the main portal. If someone didn’t receive their payment, they will have another opportunity to get it.

Capital One Bank Settlement: Eligibility

For the Capital One Settlement, you must meet the federal requirements for those affected by a data breach. If you live in the US and had your personal details like your name, address, bank account number, and Social Security Number exposed in the Capital One data breach, you could be eligible for a settlement.

If you got a notice saying you might be eligible for the settlement and you submitted a valid claim by November 27, 2023, you’re in. Eligible individuals will receive their payments via direct deposit. Additionally, everyone who is part of the settlement will get credit assistance, no matter what type of claim they made.

Capital One Settlement Payment Date 2024

The Capital One Bank Settlement payment was due on November 27, 2023. Payments started being sent out on September 28, 2023. The total settlement amount is $190 million, with each eligible person getting $25,000 if they filed a valid claim for lost time or expenses.

There was an appeal in the lawsuit, which might delay the payouts. The settlement has been pending for several months, but eligible people who submitted their paperwork before the deadline will still receive their payment. The exact date for when these payments will be sent out hasn’t been announced yet. However, before you get your payment, you’ll receive an email confirming your eligibility.

FAQs