Capital One Bank Lawsuit 2024: Settlement Money Coming, Eligibility, Amount and details can be checked here. The prevalence of cyberattacks has increased recently, and as a result, many have lost millions of dollars. These crimes are masterfully orchestrated by the attackers, who gather all of the user data.
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Capital One Settlement 2024
These are becoming increasingly frequent in the US, and hackers have access to 98 million customers’ unlawful data. The Capital One Settlement 2024 offers compensation to those who have lost money due to system hacking. A class-action lawsuit brought by American consumers against Capital One in the wake of a data breach that impacted 100 million people in 2019 was settled in December 2021 for a sum of $190 million.
In this article, we are going to discuss in-detail about Capital One Settlement 2024, amount, who all will be eligibility for it and all the other necessary details.
Understanding Capital One Settlement
Those who have lost money as a result of hacks on the system may file a Capital One Settlement Claim 2023. Despite major advancements in IT infrastructure, Capital One disclosed in July 2019 that a third party had compromised vital client data. The Capital One settlement payment is in relation to the data breach.
Through the digital payment network EpiqPay, class action settlement cash is disbursed to claimants. An email from NoReply EpiqPay.com with a list of digital payment choices would be sent to class members who fulfilled the payment requirements and provided a functional email address to the Capital One Settlement administrator.
The website states that you can access your settlement funds by using the “Claim Payment” link present in any email correspondence you have received from EpiqPay regarding reminders or payments due by November 27, 2023.
Capital One Settlement Overview 2024
| Article Title | Capital One Settlement 2024 |
| Country | USA |
| Type of Firm | Financial Institution |
| Affected people | 98 million |
| Capital One Settlement Amount | $190 million |
What is The Settlement Amount?
In 2021, Capital One bank agreed to pay190 million dollars to settle a class-action lawsuit filed by American consumers against the corporation. Each claimant will be compensated up to $25,000 for the money they lost. The USOCC fined Capital One $80 million for the identical infraction, although it was more than a year ago.
The Capital One Class Action Settlement will be completed by email via Epiq Pay. The funds will be distributed to the affected parties to cover costs associated with the breach, such as fraud, identity theft, and data security fees. Approximately $25 per hour can be claimed for the missed time, or about 15 hours.
The unclaimed money is nothing to be concerned about. Individuals will get the money via a physical check if the funds are not transferred, and this check will be available two to four weeks after the deadline for filing a digital payment claim. For everything related to it, it acts as a one-stop shop.
Who is Eligible to Get it?
For those 98 million Capital One customers whose personal information was compromised, you may be eligible for 2023 Class Action Lawsuit Payment Eligible. A US resident who was able to access their own personal information during the July 2019 data breach is required to be considered for the Capital One Settlement.
This includes those who:
1. Were Capital One applicants or clients at the time of the breach
2. Had the breach compromised their name, address, SSN, bank account number, or any other personal data?
To find out if you qualify, visit the Capital One Settlement website or call the Settlement Administrator at 1-855-604-1811 (toll-free).
Concluding Analysis
The settlement of Capital One’s class action lawsuit, which resolved allegations of unfair practices and customer injury, marked a significant legal breakthrough for the banking industry. Several consumers brought individual lawsuits against the banking firm in this complex legal battle.
Allegations of deceptive advertising, exorbitant fees, and questionable loan procedures were among the many claims made by the consumers. In addition to attempting to hold Capital One accountable for these alleged wrongdoings, the class action lawsuit sought damage compensation for all parties who had been harmed by the company’s actions.
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Rohan Manjrekar is a writer and consultant in scholarships and financial aid, dedicated to simplifying college funding. His work focuses on debt reduction and maximizing educational access for students from all backgrounds.