In response to claims that it incorrectly charged fees on some transactions, Capital One has agreed to a $16 million settlement, which represents a significant legal milestone. For previous and current Capital One account holders, the settlement has important implications. A class action complaint was filed against Capital One by the bank on the grounds that it had illegally assessed and collected representation fees on certain transactions, in violation of its agreement with account holders.
The funds will be started to be distributed by the principal administrator in charge of the settlement on Capital One Bank Lawsuit Payment Dates 2024. I have shared everything i can to make sure the impacted parties get their rightful payment as soon as possible. Capital One Bank Lawsuit 2024 Eligible individuals will receive protection against identity theft, compensation for certain expenditures, and credit monitoring services in addition to the monetary benefit.
Capital One Bank Lawsuit 2024
Capital One Bank Settlement Claim 2024 relates to the 2019 data breach and is meant for those who were hacked. The claim money will be distributed to those who have suffered monetary losses due to credit card information breach. There were major repercussions from this security compromise, which led to a settlement. Included in the collective legal action aimed at addressing the event’s aftermath is the agreement.
Qualified persons included in the Capital One Settlement Claim June 2024 will begin receiving their payout on September 28, 2024. There is no refund for representation fees. Fees for overdrafts or non-sufficient funds (NSFs) imposed on account holders for ACH or represented checks that are returned by the bank due to insufficient funds after the bank has already levied an NSF fee on an earlier presentation.
Capital One Bank Lawsuit 2024 Details
| Name of Bank | Capital One Bank |
| Last Date For Form Filling | 27 November 2023 |
| Settlement Amount | $16 million |
| Payment Date | To be announced Soon |
| Settlement Website | capitalonesettlement.com |
Eligibility Requirements
Not every Capital One Bank customer is eligible to get this settlement amount. Still, this Capital One Bank Settlement Amount 2024 may be available to a certain group of qualified clients. Additionally, you want to confirm that you qualify for the following settlement payment.
- The 2019 data breach must have affected you as a resident of the United States whose personal information was compromised.
- Between September 15, 2015, and January 12, 2022, you must have a Capital One Bank account.
- An ACH transaction or fees have been debited to your account.
- After enough money, your unsuccessful transaction had to have cleared.
- Before November 27, 2023, you have to submit a legitimate claim.
Settlement Amount & Mode of Payment
Capital One has agreed to a settlement in order to avoid taking further legal action, even though it hasn’t admitted to any wrongdoing. In order to cover the legal fees of affected account holders and satisfy any court-mandated service requirements, a $16 million fund will be established as part of the settlement. The amount of money each eligible class member will get from the $16 million settlement is uncertain.
Eligible class members can receive their money without having to do anything, which is one of the settlement’s main features. Former account holders will receive a tangible check delivered to their address, while the part owing to current account users will be provided as an account credit. In other words, you will get cash even if you choose not to withdraw from the settlement.
Capital One Settlement Payment Dates 2024
People who live in the United States and whose personal information was stolen during the data breach including their name, address, bank account number, and Social Security number will get compensation. As of now i dont have any Capital One Settlement Payment Dates 2024 so check back soon.
Latest Update
In addition, regardless of the kind of claim they have, all members of the settlement class will receive credit help. The bank settlement, which was previously compacted up to $25,000 per person, is for the class members who have lately filed their genuine claims. Digital payments are given to each and every claimant as payment. The settlement administrator is in charge of handling the first processing of these payments.
The capital one bank settlement case involved around 98 million individuals who experienced financial troubles and satisfied the eligibility conditions for compensation. If you feel the settlement is unfair or inadequate, you can object to it by filing a formal complaint with the court. The class action will not allow you to sue Capital One for the same claims that are covered by it, but even if the court dismisses your objection, you will still get payment.
Jaxon Elias is a writer, poet, and finance expert. He graduated from the Craig School of Business in 2014 and later completed the “Leading with Finance” course from Harvard University Online. Additionally, he has worked as a freelancer for various media houses