In 2021, Capital One agreed to a 190 million USD settlement for a class action lawsuit due to a data breach in 2019. This settlement aims to compensate those affected by the security issue.
The Capital One Class Action Settlement 2024 offers 25K USD per person to eligible recipients. Payments are made via email to those who have incurred out-of-pocket losses due to the data violation.
Summary of Capital One Class Action Settlement 2024
Aspect | Details |
---|---|
Settlement Amount | 190 million USD |
Individual Payment | 25K USD per eligible person |
Payment Method | Via email |
Eligibility | US residents affected by the 2019 data breach |
Claim Submission | Started on 27 Dec 2023 |
Payment Start Date | 28 Sep 2023 |
Deadline for Claims | 27 Nov 2023 |
Benefits | Credit monitoring, reimbursement, identity protection |
Background of the Settlement
In July 2019, a hacker accessed personal details of roughly 98 million Capital One credit card applicants. This breach led to severe consequences for those affected.
Since 28 Sep 2023, payments have been distributed to the victims. The settlement ensures rapid compensation and includes credit monitoring and identity theft protection for eligible individuals.
Payment Status and Claims
The administration began disbursing payments to those affected by the data breach in 2024. Eligible class members who filed their claims on time are receiving 25,000 USD each.
Payments started on 27 Dec 2023 for those who submitted valid claims. Those who missed the initial payment have another opportunity to receive their compensation.
Eligibility Criteria
To be eligible for the settlement, you must be a US resident whose personal details were compromised in the breach. This includes your name, address, bank account number, and Social Security Number.
Eligible individuals received a notice and filed a claim by 27 Nov 2023. All verified members of the class action will receive direct deposit payments and credit assistance.
Payment Distribution
The deadline for the Capital One Bank Settlement payment was 27 Nov 2023, with distribution starting on 28 Sep 2023. Each eligible class member receives a 25,000 USD payment.
Although there have been delays due to appeals, eligible recipients are assured of their compensation. Notification of payment is done via email.
This settlement not only provides financial compensation but also offers services to prevent future identity theft and fraud. Capital One aims to rectify the damages caused by the 2019 data breach through this comprehensive settlement plan.
Frequently Asked Questions
What is the Capital One Class Action Settlement 2024?
It’s a settlement due to a data breach in 2019, compensating affected Capital One customers.
How much will eligible individuals receive?
Eligible recipients will receive 25K USD each.
How are payments made?
Payments are made via email to those who filed a valid and timely claim.
What benefits are included in the settlement?
Benefits include credit monitoring, expense reimbursement, and identity theft protection.
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