In July 2019, Capital One experienced a significant data breach, exposing the sensitive personal and financial information of over 98 million Americans. While this breach led to widespread concerns, it is separate from the class action lawsuit regarding representation fees. This lawsuit resulted in a class-action settlement, ensuring financial compensation for affected individuals and highlighting the importance of ethical responsibility in the financial sector.
Summary Table Of Capital One Class Action Payment Approved
| Feature | Details |
|---|---|
| Company Under Lawsuit | Capital One |
| Affected Clients | 98 million |
| Total Settlement Amount | $190 million |
| Maximum Individual Payout | Up to $25,000 |
| Payment Phases | 2023 – 2025 |
| Current Status | Payment processing, identity protection available |
| Official Website | capitalonesettlement.com |
Capital One Class Action Settlement Overview
A class-action settlement of $190 million was approved in 2022 to provide financial relief to impacted customers. Although the initial compensation phase concluded with payouts in 2023 and 2024, many claimants are still awaiting updates on the Capital One Class Action Settlement 2025 Payment Date.
If you are one of the 98 million Capital One customers whose personal data was compromised, you may be eligible for compensation under the 2025 Class Action Lawsuit. Claimants who met the eligibility criteria and provided a valid email address to the settlement administrator will receive an email from EpiqPay.com with multiple digital payment options.
Capital One Class Action Settlement Compensation and Payment Details
This settlement is a landmark in the banking sector, reinforcing consumer rights and ethical practices. It provides financial relief and emphasizes the importance of transparency in financial transactions.
Key Payment Details
- Maximum Payout: Eligible claimants can receive up to $25,000, depending on their fees and validated claims.
- Total Settlement Amount: $16 million will be distributed among approved claimants.
- Payment Date: To be updated shortly.
- Official Website: capitalonesettlement.com
Eligibility Requirements for Capital One Class Action Settlement 2025
To qualify for the Capital One class action settlement, individuals must meet the following criteria:
- Had an account with Capital One between September 1, 2015, and March 12, 2022.
- Be a U.S. resident who had a Capital One credit card or bank account at the time of the breach.
- Provide proof of financial loss linked to the data breach.
- Submitted a valid claim with supporting documents by the designated deadline.
Eligible claimants received compensation based on the nature and extent of their losses. If they did not opt for online payments, they were issued physical checks within a few weeks of payment approval.
Financial Relief for Class Members
Affected individuals were allowed to file claims for compensation under the settlement agreement. The payout system functioned as follows:
- Out-of-Pocket Losses: Claimants could request reimbursement for unauthorized transactions or expenses related to credit monitoring.
- Lost Time Compensation: Time spent dealing with the breach was valued at $25 per hour, capped at 15 hours.
- Maximum Payouts: Verified claims could receive up to $25,000, covering identity theft and related losses.
Payment Timeline
- September 2023: Initial round of payments.
- September 2024: Additional payment distribution.
- February 13, 2028: Identity Defense and Restoration services available until this date.
Current Status of the Settlement
The Final Approval Order for the Class Action Settlement was granted on September 13, 2022. The deadline to file claims for Lost Time or Out-of-Pocket Losses was September 30, 2022. Any uncashed settlement checks are now void and cannot be reissued.
Class members who submitted a claim for Identity Defense Services received email instructions on how to enroll. Settlement class members who did not submit a claim may also be eligible to enroll.
Check List and Names: Are You Eligible?
To qualify for the settlement, you must have been a Capital One customer whose personal data was compromised during the breach. This includes sensitive details such as:
- Names
- Social Security Numbers
- Dates of Birth
- Addresses
- Email Addresses
- Account Balances
For more information or to enroll in Identity Protection Services, visit the official settlement website: Capital One Settlement.
Frequently Asked Questions (FAQs)
1. How can I check if I am eligible for the Capital One class action settlement?
If you were a Capital One customer affected by the 2019 data breach, check the official website for eligibility details and updates.
2. How will I receive my payment?
Payments are being sent via EpiqPay.com for digital options, while others receive physical checks if they opted for them.
3. What should I do if I missed the claim deadline?
Unfortunately, if you missed the September 30, 2022 deadline, you are no longer eligible to file a claim.
4. Can I still enroll in Identity Protection Services?
Yes, eligible class members who did not submit a claim can still enroll for Identity Defense Services through February 13, 2028.
5. When will the final payments be completed?
The Capital One Class Action Settlement 2025 Payment Date is still being finalized. Check capitalonesettlement.com for the latest updates.
The $190 million Capital One class action settlement is a significant case addressing improper data handling by financial institutions. Eligible customers impacted by the 2019 data breach should check their payment status and eligibility. Beyond financial compensation, the settlement also provides identity protection services until 2028.
For updates on the final payment date, visit the official website: capitalonesettlement.com.
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