Here, you will find comprehensive information on the Capital One Lawsuit Updates 2024, including Class Action Judgment, Payment Dates, and Amount. In 2019, a lawsuit was initiated following a significant data breach at Capital One Bank, exposing the personal information of approximately 98 million US consumers. The lawsuit alleged that Capital One’s inadequate data security practices contributed to the breach, potentially exposing consumer data to harm. As a result, in 2024, Capital One will finalize the distribution of payments to eligible class members who submitted claims before the deadline. For further details on Capital One Lawsuit Updates 2024, including payment dates, amounts, and more, please continue reading this article.
Capital One Lawsuit Updates 2024
In 2024, there are two distinct Capital One lawsuits, each with its own timelines and outcomes. The first lawsuit arose from the 2019 Capital One data breach, which concluded in 2022 with a settlement agreement. The deadline to file claims for monetary compensation has passed, but free identity theft protection services through Pango are available until February 13, 2028, even for non-claimants.
The second lawsuit, settled more recently in June 2024, contested Capital One’s practice of charging representation fees for checks or ACH transactions following initial NSF issues that were later successfully processed. This settlement amounts to $16 million, and individuals who held Capital One accounts and were charged representation fees between 2015 and 2022 may be eligible for compensation.
Class Action Judgement
Capital One has now disbursed payments to eligible class members who submitted claims before the deadline. The last benefit for class members is access to Pango’s identity protection and restoration services. These services include features such as dark web monitoring, identity theft alerts, and assistance in resolving identity theft issues. Enrollment for these services remains open until February 13, 2028.
The 2023 lawsuit focused on Capital One’s representation fees, which plaintiffs argued should have been refunded. These fees were imposed on checks or ACH transactions initially returned due to insufficient funds but successfully processed upon subsequent presentation. In June 2024, a settlement of $16 million was agreed upon. This settlement pertains to Capital One customers who incurred representation fees from 2015 to 2022.
Payment Dates
The updates regarding Capital One lawsuit payments are scheduled to commence from September 28, 2023. This date marks the beginning of the claim process, which has already been initiated and is now concluded. As for the Capital One Representment Fee Class Action, it was recently settled in June 2024. While a settlement has been reached, the process for filing claims has not yet begun.
Currently, the official website for filing claims has not been established. To stay informed about the filing process and potential payment timelines, it is advisable to monitor legal news websites or await communication directly from Capital One.
Capital One Lawsuit Amount
The Capital One Data Breach Class Action has concluded with a settlement totaling $190 million. The claim filing period for this lawsuit has closed. In contrast, the Representment Fee Class Action settlement amount is $16 million, finalized in June 2024.
It’s important to note that the settlement amount is not evenly distributed among all eligible class members. Individual payouts depend on factors like the number of claims filed and their validity.
Payments for the Data Breach Settlement have already been distributed to eligible class members who filed claims before the deadline. However, the claim filing process for the Representment Fee Settlement has not yet commenced. Once it begins, the settlement administrator will determine individual payouts based on the terms of the settlement agreement and the number of valid claims received.
All We Know
Check news articles or legal blogs focused on class action lawsuits for updates on the claim filing process regarding the Representation Fee Settlement once it is announced.
The settlement agreement could potentially be found online and may detail specific aspects such as eligibility requirements and the methodology for determining payouts.