This article explains the $190 million Capital One Bank settlement following the 2019 data breach. It covers eligibility, the claim process, and payment timelines to help affected individuals understand how to receive their compensation.
Background of the Settlement
In July 2019, an unauthorized hacker accessed the personal information of millions of Capital One credit card applicants. This breach resulted in a class action lawsuit, leading to a $190 million settlement in 2021 to compensate affected individuals for their financial losses.
Class Action Payment Status
As of 2024, the settlement payments are being processed for those who filed valid claims. Eligible claimants can receive up to $25,000 per person to cover out-of-pocket losses and other related expenses. Payments began on September 28, 2023, and are being distributed via email by the settlement administrator.
Capital One Bank Settlement Eligibility
To qualify for the settlement:
- Residency: You must be a U.S. resident whose personal information was accessed during the 2019 data breach.
- Notification: You should have received a notice informing you of your potential eligibility.
- Claim Submission: You needed to file a valid claim before the deadline of November 27, 2023.
Claim Process
To receive your settlement payment, you had to:
- Receive Notification: Be notified about your eligibility.
- Submit a Claim: Complete and submit the claim form by November 27, 2023.
- Verification: Have your claim verified for eligibility and completeness.
- Payment Distribution: Verified claims are processed, and payments are sent via email.
Capital One Settlement Payment Date 2024
The deadline for submitting claims was November 27, 2023. Payments started on September 28, 2023, but there may be delays in processing. The settlement administrator will notify eligible recipients of their payment status via email. Check your email regularly for updates.
Additional Benefits
In addition to monetary compensation, recipients may also receive services like credit monitoring and identity theft protection to help safeguard against future breaches.
FAQs
What was the settlement amount?
The settlement amount was $190 million, intended to compensate those affected by the 2019 data breach.
Who is eligible for the settlement payment?
U.S. residents whose personal information was accessed during the 2019 breach and who received a notification of potential eligibility, provided they submitted a valid claim by November 27, 2023.
How much compensation can eligible individuals receive?
Eligible individuals can receive up to $25,000 for out-of-pocket losses and other related expenses.
When did the payment distribution begin?
Payments began on September 28, 2023.