In 2019, Capital One faced a serious security breach that exposed the personal information of around 98 million people. As a result, they were sued in a class action lawsuit.
By 2021, Capital One agreed to pay $190 million to settle the case. This settlement is designed to help those affected by the breach.
For 2024, eligible individuals can receive up to $25,000 each. Here’s what you need to know about the payment status, eligibility, and how to claim your compensation.
Capital One Settlement Overview
In July 2019, a hacker gained access to sensitive personal details of people who had applied for Capital One credit cards. This led to a class action lawsuit and a settlement of $190 million.
The settlement started distributing payments on September 28, 2023. Besides the cash compensation, eligible individuals will also get benefits like credit monitoring and identity theft protection.
Class Action Payment Status
As of 2024, payments are being processed by the Capital One settlement administrator. Eligible individuals can receive up to $25,000. Payments are being sent digitally by the settlement administrator.
If you have submitted a valid claim, you should receive your compensation soon. The process for filing claims began on December 27, 2023, so if you haven’t received your payment yet, check if there’s another opportunity to claim.
Eligibility for the Settlement
To be eligible for the Capital One settlement, you must:
- Be a US resident whose personal details were exposed in the data breach.
- Have received a notice about your eligibility.
- Have filed a valid claim before November 27, 2023.
Eligible people will receive their compensation via direct deposit and credit assistance.
Payment Date and Process
The final date to file for the settlement was November 27, 2023. Payments started on September 28, 2023, and eligible recipients will get up to $25,000 each. If you filed your claim on time and completed all necessary paperwork,
you should receive your payment soon. The exact date of payment will be sent to you via email.
The Capital One Bank Settlement is an important step for those affected by the 2019 data breach.
With up to $25,000 in compensation and additional benefits like credit monitoring, the settlement aims to provide relief to those impacted. Ensure your claim was filed correctly to receive your due compensation.
What was the Capital One data breach?
In July 2019, a hacker accessed the personal information of 98 million Capital One credit card applicants.
How much money can I get from the settlement?
Eligible individuals can receive up to $25,000 from the Capital One settlement.
When did payments start?
Payments for the settlement started on September 28, 2023.
How can I check if I’m eligible for compensation?
You should have received a notice about your eligibility. If you filed a claim before the deadline, you’re likely eligible.
What should I do if I haven’t received my payment?
Check with the settlement administrator to ensure your claim was processed correctly. There might also be another chance to file a claim.
