The Capital One Bank Settlement is one of the most trending settlements as there are chances that suffered citizens will receive compensation soon. Capital One Bank was accused of a data breach in 2019, which affected millions of customers connected with the bank.
Many faced financial loss due to the inflation leak through the customers’ credit cards without consent. The bank agreed to pay the settlement amount to compensate for the customer’s loss. The amount can be distributed among citizens as compensation from the bank.
Capital One Bank Settlement 2025
Capital One is one of the leading banks in the United States of America, offering loans and credits to citizens under specific requirements. It also provides income to various citizens as a leading financial agency in the country. The lawsuit against Capital One Banks resulting in One Bank Settlement has been filed.
As we know, cybercrimes have been so much to individuals and are a significant threat to them. Due to this, various customers have lost their money and bank details as their accounts get hacked. Many US citizens have become prey to these cyberattacks, and their data has been breached.
Capital One Class Action Settlement Overview
| Bank Name | Capital One Bank |
| Name of Program | Capital One Bank Settlement |
| Country | USA |
| Settlement Amount | $190 million |
| Deadline for Claims | January 21, 2025 |
| Category | Government Aid |
| Official Website | https://www.capitalonesettlement.com/ |
Capital One Bank Settlement Details
The Capital One Bank Settlement amount is $190 million, which can be used to withdraw the lawsuit and pay civil penalties. A large portion of the settlement will be disabled and distributed to customers who have faced issues with a decided amount of $25000 per person. The authorities have also released the final date to claim, January 21, 2025.
The payment distribution process started on September 23, 2023, based on issues faced by the people. It is also stated that nearly 87 million people have faced the problem with this data breach from Capital One Bank. The bank will cover the complete cost, including pocket costs and repair costs, which citizens have faced due to the issue of the bank.
Capital One Data Breach and Compensation
A lawsuit was filed against Capital One Bank about a cybercrime incident involving an information leak and breach in 2019. The leak unveiled the personal data of about 98 million people, with all information directly associated with debit and credit cards.
- Affected claimants can receive compensation by submitting the Settlement Claim Form before the January 21, 2025 deadline.
- Capital One is dispersing $190 million as part of the settlement.
- Compensation in damages to eligible persons could be as high as $25,000 per individual.
Who Can Claim Capital One Bank Settlement
American customers who have faced data breaches from the bank can apply for the Capital One Bank Settlement amount. However, they must meet the eligibility criteria set by authorities to ensure safe and secure distribution among eligible residents.
- All the applicants must be living in the United States of America with permanent citizenship.
- Individuals must have been prey to losing personal data in a breach.
- Individuals must have faced the data breach issue in 2019.
- Beneficiaries must have received the department’s notice of qualification for compensation amount.
Capital One Bank Settlement Amount
- Capital One Bank will provide settlement compensation to the residents in January 2025.
- Citizens should know that the last date for filing the claim to receive the compensation is January 21, 2025.
- Beneficiaries who haven’t received the claim payment on the last date must wait a few more days due to bank issues or other details.
FAQs
Who can receive the Capital One Settlement?
Customers who have faced data breaches in 2019.
When will people receive the settlement amount?
On the specific dates issued by the authorities.
What is the last date to file a claim of settlement?
January 21, 2025.
Robert is a finance writer with 3 years of experience. He writes about topics like finance, government aid, and market trends. His goal is to help readers understand financial concepts and make better decisions.