Capital One Bank Settlement is in the news a lot these days, and it is being said that the affected citizens may get compensation soon. In 2019, a data theft case came to light against Capital One Bank, which affected millions of customers. Many people suffered financial loss in this incident as their credit card data was leaked without their permission. On this, the bank has agreed to pay a large settlement amount as compensation, which will be distributed among the affected citizens.
Capital One Bank Settlement 2025 Information
Capital One Bank is a leading bank in America that provides loans and credit facilities to the citizens. This bank has also given financial assistance to many people under its service. But in 2019 a data theft case was registered against the bank, which put the personal information of millions of customers at risk. After this, the bank has announced a settlement to settle the matter. The affected citizens will be compensated under this settlement.
Overview of the Capital One Bank Class Action Settlement:
| Attribute | Details |
|---|---|
| Bank Name | Capital One Bank |
| Program Name | Capital One Bank Settlement |
| Country | United States |
| Settlement Amount | $190 Million |
| Claim Deadline | January 21, 2025 |
| Category | Government Assistance |
| Official Website | https://www.capitalonesettlement.com/ |
Settlement Amount with Capital One Bank:
Capital One Bank has agreed to a whopping $190 million for the settlement; this will be given to customers as payment. The majority of this amount will go to customers who had experienced a data breach in 2019; an individual could get almost $25,000. Money distribution started as of September 23, 2023, and more than 87 million people fell victim to this data theft.
Data Breach and Compensation from Capital One:
A cybercrime case was filed against Capital One Bank in 2019, wherein the information of its clients, like debit or credit card numbers, was exposed and all of these events led to the compromising of personal information from almost 98 million individuals. Affected customers would fill in the settlement claim form asking for compensation until January 21, 2025.
Settlement Payment from Capital One:
Capital One Bank will pay damages to those affected residents in the year 2025. Residents are advised of the deadline for filing claims, which should be before January 21, 2025. If one cannot claim on this date, they may have to wait for some additional days, as the process of the bank can be slow.
Who is eligible for the Capital One Settlement?
US customers who have been victims of data theft related to Capital One Bank can apply for this settlement amount. But for this it is necessary to follow some eligibility criteria.
- Permanent Citizen: Citizens applying must have permanent residence in the US.
- People affected by data theft: They must have suffered losses due to data theft in 2019.
- Official information: They must have received information about being eligible for compensation.
- Filling Claim Form: Eligible persons will have to fill the Settlement Claim Form.
Capital One Bank Settlement Amount:
Capital One Bank will start distributing the settlement amount in 2025. The affected citizens will receive this amount by January 2025. Citizens should remember that the last date for filing a claim to receive compensation is 21 January 2025. Those who do not receive compensation by this date may have to wait for a few days, as there may be a delay in the bank process.
How to track Capital One settlement status?
Once you have applied for a Capital One settlement, you can track your compensation. Here’s what you need to do:
- Official Website: Keep checking the status of the settlement on its official website for any new updates.
- Contact the administrator: If you would like to get information regarding your claim status, you can contact the settlement administration.
- Email notifications: The administration usually sends an email, so see your inbox.
- Direct deposits: If you have selected this method of payment, be sure that your information is accurate to avoid delayed payments.
You can access and claim your compensation by following through on the above eligibility and information on the Capital One Bank settlement and reducing the extent of your losses caused by this data breach.
FAQs
Q. What is the Capital One Bank Settlement?
A. It is a compensation program for individuals affected by the 2019 data breach involving Capital One Bank.
Q. How much is the Capital One Bank settlement amount?
A. The settlement amount is $190 million, with individual compensation up to $25,000.
Q. Who is eligible to claim compensation from the Capital One Bank Settlement?
A. U.S. citizens who were affected by the 2019 data breach involving Capital One Bank are eligible to claim.
Q. When is the deadline to submit a claim?
A. The deadline to submit a claim is January 21, 2025.
Q. How can I submit my claim for the Capital One Bank Settlement?
A. Claims can be submitted online via the official settlement website: capitalonesettlement.com.
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