The Capital One Bank Class Action has confirmed that the bank will provide USD 190 million to settle its lawsuit. As per the reports, many customers have faced a theft of their personal information available on the bank. Such customers are eligible to receive the settlement amount benefits. It also benefits the citizens who lost their money in that bank. They need to meet the eligibility criteria to receive these benefits.
Capital One Bank Class Action 2024
In 2019, an anonymous hacker accessed the personal data of over 98 million customers. This is especially true for customers who have applied for Capital One Bank Credit Card. This is why the lawsuit against Capital One Bank caused a sudden decrease in the bank’s funds and affected millions of citizens. After so many profound implications, the bank has decided to settle $190 million for the customers and civil penalties.
Capital One Bank Class Action Settlement 2024
American residents who are customers of Capital One Bank and have faced this severe issue can get a complete settlement amount from the department. The settlement amount is decided after calculating the guaranteed income of the affected individuals.
| Organization | Capital One Bank |
| Country | USA |
| Settlement Amount | $190 million |
| Settlement Offer | Up to $25,000 per eligible individual |
| Payment Start Date | September 23, 2023 |
| Payment Deadline | November 27, 2023 |
| Additional Benefits | Credit card monitoring & Identity theft protection |
| Category | Government Aid |
| Official Website | https://www.capitalonesettlement.com/ |
They will also ensure that everyone receives this payment from the government as soon as possible. The bank has also provided its customers extra benefits like credit card monitoring and identity theft protection.
Capital One Bank Class Action Payment Date
The distribution date of the Capital One Bank Class Action 2024 settlement has yet to be announced. Per the reports, the payment distribution started on 23rd September 2023, and the last date was 27th November. The settlement amount is $190 million given by the bank, and every individual who successfully qualified will receive $25,000 in their bank accounts.
Capital One Bank Class Action 2024 Payment Status
- In 2024, Capital One Bank decided to provide financial assistance as a settlement amount for the data breach due to their irresponsibility.
- This settlement is for class members who have filed their claims before the deadline and will receive up to $25,000 per person.
- All eligible recipients will receive their settlement amount as digital payment, distributed by the settlement administrator.
- Customers who meet the eligibility criteria decided by the bank authorities will be able to receive the settlement amount.
Capital One Bank Class Action Lawsuit 2024
The lawsuit for settlement was filed against Capital One Bank for approximately 98 million people affected by this data breach. The Federal company that has fought for customers has made its first claim by asking them to provide money back to the citizens. Capital One Bank has agreed and started distributing their payments as a settlement from 27th December 2023.
- Customers must fill out the claim form before the deadline, available on the official website, to receive this payment.
- If, due to any case, a person fails to receive their settlement amount, they will get another chance from authorities to receive benefits.
Eligibility for Capital One Bank Class Action 2024
Customers with bank accounts in Capital One Bank who have suffered data breaches must meet the eligibility criteria. This eligibility criteria will help them to receive the Capital One Bank Class Action 2024 Settlement amount.
- Be a permanent resident of the United States of America.
- They need to have valid citizenship in America or a legal work permit to stay and live in America.
- Customers whose personal information, such as date of birth, name, address, and social security number, were accessed by a data breach bank are eligible.
- Individuals who have received the notification from the bank related to their settlement amount are eligible.