Discover the details of the Capital One Bank Class Action Settlement 2024, including the payout per person, eligibility criteria, and payment date. Find out how much you could receive and how to claim your settlement. Stay informed and ensure you don’t miss out on your compensation.
In 2019, Capital One experienced a significant data breach affecting millions of customers. As a result, a class action lawsuit was filed, and a settlement was reached.
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Capital One Data Breach Settlement Amount
The total settlement amount for the Capital One data breach was $190 million.
However, determining the exact payout per person is complex due to several factors:
- Total number of eligible claimants: The more people who filed valid claims, the smaller the individual payout.
- Type of claim: Different types of claims (e.g., out-of-pocket losses, identity theft) might have different compensation levels.
- Proof of damages: Claimants had to provide evidence of financial losses to receive compensation.
Unfortunately, there’s no exact figure for the average payout per person. The settlement funds were distributed based on the individual claims and the overall pool of money available.
If you submitted a claim, you should have received a notification about the status of your claim and the amount of your settlement payment.
Eligibility
To be eligible for the settlement, you must have been a Capital One customer whose personal information was compromised in the data breach. This information typically includes names, Social Security numbers, dates of birth, addresses, email addresses, and account balances.
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Payout Amounts
The settlement offers two primary forms of compensation:
- Cash payments: These were distributed to eligible claimants who submitted valid claims by the November 27, 2023, deadline. The amount of these payments varied depending on the specific claims and the total number of valid claims.
- Identity protection services: Eligible class members can enroll in up to five years of identity protection services provided by Pango at no cost.
Payment Dates
The distribution of cash payments began on September 28, 2023.
Important Note
The deadline to submit claims has passed. If you believe you are eligible but missed the deadline, unfortunately, you cannot receive a cash payment. However, you may still be eligible for the identity protection services.
For more information and to enroll in identity protection services, visit the official settlement website: Capital One Settlement
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