The Capital One Class Action Settlement 2024 is giving out financial payment and identity safety services to the individuals impacted by the data breach in 2019. It is one of the largest breaches which has exposed sensitive info of nearly about 100 million United States consumers. The financial compensation is given to impacted consumers in addition to continuing security precautions like fraud detection and credit monitoring. These services were created to create a safer financial environment and assist consumers in preventing identity theft.
In addition to the monetary compensation, the settlement allowed victims to keep an eye on suspicious account activity by introducing preventative measures like Identity Defense Services. These preventative actions give users the ability to protect their money and personal data, increasing the degree of fraud protection. Continue reading this post to get relevant details on the Capital One Lawsuit 2024. We have included its eligibility, payment dates, amount, and more.
Capital One Class Action Settlement Payment Date
In current years, data breaches have become an ever-existing risk, including the details of millions of people. The Capital One Class Action Lawsuit 2024 focuses on the financial and legal concerns that the company experienced when breaches included customer information. It is to be noted that the claim deadline has been passed. The Identity Defence Services are still available for qualified beneficiaries until February 13th, 2028. Those who are impacted must stay active in protecting their personal details to reduce the data breach possibility.
The Capital One Settlement has reached a total of about $190 million. The fund is being used to pay off the affected recipients for their financial losses as well as giving them identity protection services. Those beneficiaries who have provided losses can get up to USD 25,000 each. It will cover their out-of-pocket expenses such as unreimbursed fraud charges, credit monitoring, or professional fees. Also, they will get compensation for likely 15 hours at a rate of $25/hour.
Capital One Data Breach Settlement 2024- Overview
| Article On | Capital One Class Action Settlement Payment Date |
| Country | United States of America (USA) |
| Year | 2024 |
| Beneficiaries | Individuals affected by the 2019 data breach |
| Affected Users | 98 million |
| Settlement Amount | $190 million |
| Payout Per Person | Up to $25,000 |
| Payment Date | Will be announced soon |
| Category | Finance |
| Official Website | capitalonesettlement.com |
Eligibility for the Capital One Bank Settlement
To become eligible for the Capital One Bank Settlement 2024, you have to qualify for below mentioned requirements:
- Individuals who have a Capital One account between September 1st, 2015, and January 12th, 2022.
- US residents who were Capital One credit card or banking customers during a data breach.
- Those who have experienced a monetary loss or faced illegal transactions.
- Individuals whose info was included in the 2019 breach.
- The beneficiary has to submit a valid claim form before the deadline and along with that attach the necessary documents to support the claim.
Capital One Settlement Amount
The Capital One Bank Settlement’s Payout Amount 2024 is dependent upon the type and size of losses. The maximum amount of compensation that recipients are eligible to obtain for validated losses is USD 25,000. Including costs associated with identity theft, fraud, and credit monitoring. At a rate of $25 per hour, eligible persons may submit claims for up to 15 hours of missed time.
If the beneficiary doesn’t provide their banking information for online payment, they will get a physical check after two to four weeks of the payment. The final amount of money paid to each person is determined by the total number of claims filed and accepted.
What is the Capital One Settlement Payment Date?
The Capital One Settlement payments have begun from September 27th, 2023, and the procedure is still in progress. It is to be noted that the bank hasn’t given a precise deadline for when the payments will be completed. If you have submitted a claim but have not yet received it, need to wait for some time as the procedure is taking longer.
Make sure your claim was properly filed, and all necessary paperwork was sent in if you haven’t gotten your settlement money yet. The authority will review your claim. After it gets accepted, you will be paid through the payment method you choose at the time of filing.
This could be done by cheque, direct deposit, or another form of payment. Remember that delays arise during the claiming process as the payments are continuous. You will get the most recent information on payment schedules and any additional instructions on capitalonesettlement.com.
Capital One Bank Settlement- Additional Benefits
All class members are eligible for Identity Defence Services regardless of whether they filed for monetary compensation. They can claim it until February 13, 2028. The services include:
- Dark Web Monitoring: Consistently keeping an eye out for illegal actions on the dark web.
- Identity Alerts: Notifications when personal information is involved in suspicious activity.
- Lost Wallet Protection: Help with credit card cancellation and replacement if your wallet is lost.
- Identity Theft Insurance: Covers about $1 million in eligible expenses.
| Official Website | Click Here |
| Homepage | Philtranco.net |