The Capital One Class Action Settlement is a crucial initiative to compensate consumers for the financial damages caused by the data breach in the case of the serious 2019 cyberattack. Nearly 98 million people’s private information was made public by this incident, increasing serious concerns about fraud and identity theft.
Capital One has put aside $190 million for a settlement fund to pay impacted parties. The deadline for submitting claims is January 21, 2025, providing victims with a way to reclaim their trust and get their money back. Through this article, individual will get to know all information related to Capital One Class Action Settlement, including its Payment Amount, and schedule.
Capital One Class Action Settlement 2025
A dark phase for Capital One started in 2019 when hackers got access to millions of Americans’ credit and debit card information which left individuals exposed to identity theft and unauthorized transactions. In an effort to make changes, the bank has accepted responsibility by agreeing to this significant settlement.
Settlement payment starts on September 28, 2023, and will continue until the final claims deadline. Through this settlement, victims receive payment for both their direct financial losses and any related personal expenses related to the breach.
Capital One Bank Settlement 2025
| Bank Name | Capital One Bank |
| Program Name | Capital One Class Action Settlement 2025 |
| Country | USA |
| Settlement Amount | $190 Million |
| Deadline for Claims | January 21, 2025 |
| Category | Government Aid |
| Official Website | https://www.capitalonesettlement.com/ |
Details of the Capital One Class Action Settlement
Many aspects of financial and personal data losses are covered by the Capital One Class Action Settlement. People who were harmed by the incident have the right to compensation for identity theft, fraud, and other related costs. The settlement includes $190 million, with up to $25,000 available per impacted person.
In order to be eligible, individuals must have experienced direct losses, such as identity fraud or unauthorized transactions, linked to the 2019 breach. Settlement payment have been created to help victims recover from the effects of the incident and to compensate them.
Eligibility Criteria for Capital One Bank Settlement
- They should also have had financial or personal losses that were directly related to the incident.
- Those who were impacted by the 2019 data breach must be U.S. residents in order to receive benefits under the Capital One Class Action Settlement.
- A message from Capital One verifying their eligibility will have been sent to eligible claimants.
- To receive compensation, submit a completed Settlement Claim Form by January 21, 2025.
Capital One Bank Settlement Payment Schedule
The distribution of settlement payments start on September 28, 2023, and will continue until all claims are processed. The final deadline to resolve the claims is January 21, 2025.
By this date, those who have filled out their forms and satisfy the eligibility requirements should expect to be paid. Affected parties are advised to be patient if payments are delayed, since processing times can vary based on the number of claims submitted.
Compensation Amounts
- The Capital One Class Action Settlement allocates a total fund of $190 million to be distributed among the victims.
- Each qualified claimant may be eligible for up to $25,000 to compensate for recorded financial losses.
- This settlement shows the Capital bank dedication to making changes for the damage the cyberattack caused.
- The settlement is designed to cover personal expenses arising from the breach in addition to direct financial losses.
FAQs
Who is eligible for the Capital One Class Action Settlement?
US residents affected by the 2019 breach with financial losses and Capital One notification.
When do Capital One Class Action Settlement payments start?
Capital One settlement payments began on September 28, 2023, and will continue until all valid claims are processed.
How much compensation can victims receive?
Eligible claimants may receive up to $25,000 for documented financial losses and related expenses.
James Nuckols is a writer who focuses on government aid, tax news, and current events. With over 3 years of experience, he explains complex topics in simple terms to help readers understand important financial and policy changes.