This article provides information on the Capital One Bank Settlement 2024, including updates on payment status, eligibility, claims, and payment dates. In 2021, Capital One resolved a class action lawsuit by agreeing to pay $190 million following a data breach in 2019. The settlement aims to compensate individuals affected by the security breach. In 2024, the settlement funds will be disbursed as cash payments to cover out-of-pocket losses related to defense services.
Eligible recipients will receive compensation of $25,000 per person, delivered via email. For more details regarding the Capital One Bank Settlement 2024, its payment status, and further updates, please continue reading this article.
Capital One Bank Settlement 2024
In July 2019, an unauthorized hacker gained access to the personal information of approximately 98 million individuals who had applied for a Capital One credit card. This security breach had significant repercussions, leading to a class action settlement aimed at addressing the aftermath of the incident. Eligible Americans involved in the Capital One Bank Settlement began receiving payments starting September 28, 2023.
The settlement administration has initiated the distribution of payments, ensuring that affected individuals receive compensation promptly. Comprehensive measures are in place to provide affected individuals with assurances of compensation as swiftly as possible. In addition to monetary compensation, eligible individuals will benefit from credit monitoring, reimbursement for specific expenses, and identity theft protection as part of the settlement terms.
Class Action Payment Status
In 2024, the administration overseeing the Capital One class action settlement is disbursing payments to those affected by the data breach committed by an alleged hacker. The settlement pertains to class members who have submitted valid and timely claims, entitling them to $25,000 per person. Compensation is delivered digitally through the settlement administrator, ensuring eligible individuals receive their payments promptly.
The Capital One Bank Settlement lawsuit was filed on behalf of approximately 98 million affected individuals seeking restitution. The settlement process began on December 27, 2023, allowing eligible claimants to submit their claims through the designated portal. Those who did not initially receive their payments will have another opportunity to arrange for the transfer of their compensation.
Eligibility Criteria for the Capital One Bank Settlement
To qualify for the Capital One Bank Settlement, individuals must meet the following criteria:
- Residency: Claimants must be U.S. residents whose personal information was accessed during the 2019 data breach.
- Notification: Eligible individuals should have received a notice about their potential eligibility for the settlement.
- Claim Submission: A valid claim must have been filed by the deadline of November 27, 2023.
How to Apply for The Capital One Bank Settlement Claim 2024?
| Details | Information |
|---|---|
| Settlement Fund | $190 Million |
| What You Can Claim | Out-of-Pocket Expenses, Lost Time |
| Identity Protection Services | Sign up for a 3-year service |
| Restoration Services | Available for at least 3 years |
| Claim Submission Deadline | September 30, 2022 |
| Settlement Payment Date | Starting September 28 |
| Contact Information | 1-855-604-1811, [email protected] |
| Official Website | www.capitalonesettlement.com |
To get benefits from this settlement, affected people need to complete and submit a claim form by September 28, 2022. This form is important for getting refunds for any personal expenses or time spent dealing with problems caused by the data breach.
- Claim Your Payment: Click the “Claim Payment” link in the email from [email protected] before the deadline.
- Choose Payment Options: You’ll be taken to a payment page with different methods to choose from.
- Select Your Method: Pick your preferred way to get paid. You might need to provide some extra details to complete the process.
- Stay Updated: After you’ve submitted your claim, watch for updates from [email protected]. They’ll let you know the status of your payment and when you can expect the money to be transferred.
How to Claim Capital One Bank Settlement?
- Claim Reimbursements for Losses or Lost Time: By submitting a claim form before September 30, 2022, you could get reimbursed for any financial losses or time you lost because of the data breach.
- Sign Up for Identity Protection Services: You could enroll in a free three-year identity protection service, which includes monitoring the dark web, keeping an eye on your identity, protecting against lost wallets, and a $1 million insurance policy against identity theft.
- Get Help with Fraud Issues: All members of the settlement could access restoration services to help resolve any fraud problems, even if they didn’t file a claim.
How to Continue Getting Benefits?
You can keep enjoying benefits through Identity Defense and Restoration Services. Signing up for Identity Defense Services helps protect you from identity theft, while Restoration Services assist with fixing any fraud issues. These services are great for staying safe from potential identity threats.
For more information and to learn about all the benefits and rights available from this settlement, it’s a good idea to check out the official settlement website.
Capital One Settlement Payment Date 2024
The deadline to receive payments from the Capital One Bank Settlement was November 27, 2023. Distribution of payments began on September 28, 2023, under the administration’s oversight. The total settlement amount is $190 million, with eligible recipients offered $25,000 each for expenses related to time lost or out-of-pocket costs.
Legal proceedings may have resulted in delays affecting payout timelines. Despite the delay in finalizing the claim amounts over several months, eligible individuals who submitted their paperwork and applications before the deadline will receive their Capital One Bank Settlement payments soon. The exact payment date has not yet been announced, and recipients will be notified via email once their eligibility is confirmed.
Conclusion
The Capital One Bank Settlement 2024 represents a significant development for those affected by the data breach and related issues. Understanding the eligibility criteria, claim process, and payment details is crucial for receiving compensation. By following the outlined steps and staying informed, you can ensure that your claim is submitted correctly and that you receive your entitled compensation.
For the most accurate and up-to-date information, visit the official settlement website or contact the settlement administrator directly. Thank you for reading this guide on the Capital One Bank Settlement 2024. We hope this information helps you navigate the settlement process with confidence.
FAQs
What is the Capital One Bank Statement?
The Capital One Bank Settlement is a $190 million agreement reached in 2021 to compensate individuals affected by a 2019 data breach. The breach exposed sensitive personal information, and as part of the settlement, eligible individuals can receive compensation of up to $25,000 each.
Who is eligible for the Capital One Bank Statement?
Eligibility for the Capital One Bank Settlement extends to U.S. residents whose personal information was accessed during the 2019 data breach. If you were affected, you should have received a notice about your eligibility. To be considered, you must have filed a valid claim by the deadline of November 27, 2023.