In this article, you will learn about the Capital One Bank Settlement 2024 Class Action Payment Status, Eligibility, Claim, and Payment Date. In 2021, Capital One agreed to a $190 million settlement following a 2019 data breach. This settlement compensates individuals who experienced financial losses due to the breach. In 2024, these funds will be distributed as cash payments for out-of-pocket losses under defense services. Eligible recipients can receive up to $25,000 per person via email. Continue reading to find out more about the Capital One Bank Settlement 2024, including payment status and eligibility.
Capital One Bank Settlement 2024
In July 2019, an unauthorized hacker accessed the personal information of approximately 98 million individuals who had applied for Capital One credit cards. The breach led to severe consequences, resulting in a class action settlement to address the aftermath. Since September 28, 2023, eligible Americans have started receiving compensation.
The settlement is administered by a leading authority, which has begun processing payments. The approach aims to ensure affected individuals receive their compensation promptly. In addition to the settlement amount, eligible individuals will benefit from credit monitoring, reimbursement for certain expenses, and identity theft protection.
Class Action Payment Status
In 2024, the Capital One class action settlement administration has been distributing payments to individuals affected by the data breach. Those who filed valid and timely claims can receive up to $25,000 each. The payments are made digitally through the settlement administrator, ensuring that individuals meeting the requirements receive their compensation.
The lawsuit involved approximately 98 million people. The federal company has initiated claims for the affected individuals to reclaim their money. The class action payments began on December 27, 2023. Eligible individuals can submit their claims through the official portal. Those who haven’t received their payment yet will get another chance to have their payment transferred.
Capital One Bank Settlement Eligibility
To be eligible for the Capital One Settlement, US residents must meet federal eligibility criteria. This includes individuals whose personal details, such as name, address, bank account number, and Social Security Number, were accessed during the data breach.
Individuals who received a notice informing them of their potential eligibility and filed a valid claim before November 27, 2023, qualify for the settlement. Verified eligible individuals will receive direct deposit payments. All settlement class members, regardless of their claim, will receive credit assistance.
Capital One Settlement Payment Date 2024
The deadline for receiving the Capital One Bank Settlement payment was November 27, 2023. The settlement administrator started distributing payments on September 28, 2023. The total settlement amount is $190 million, and each eligible recipient is offered $25,000.
The payout may be delayed due to ongoing appeals. Eligible individuals should submit their paperwork and applications before the deadline to ensure timely payment. The exact date for receiving the settlement payment has not been announced yet. Eligible applicants will be notified via email before receiving their compensation.