The Capital One Bank customers who witnessed a data breach in 2019 when hackers attacked the system of the bank are getting settlement payments in 2024. If you are one of those customers of the Capital One Bank, then you can have the settlement payments in 2024. Check out the post to know what are eligibility criteria and payment amount for the final settlement and how to apply for the compensation payments. Before knowing anything, you must note that the window for filling application forms has been closed. Since November 2023, the application window is closed but you can apply in some specific cases. For getting the leverage of applying even when the application window is closed, you have to contact to the bank officials available on working hours from Monday to Friday. Please avoid weekends as the banks remain closed on these days of week.
Capital One Bank Class Settlement Claim 2024
Around 98 million Capital One Bank customers in 2019 witnessed data breach by cyber security hackers. Millions of customers complained about the personal documentation theft in 2019. After receiving hundreds of millions of complains from the existing customers, the bank decided to unfold the matter behind the arising dissatisfaction among the existing customers. The cyber attack happened out of so sudden when no one could have imagined that such a security breach could take place at one of the best banks of the United States of America. But in down the line, it was found out that the hackers used malware for rob the customers of personal details.
And they sold that out to the marketing and advertising companies so that they can reach out their targeted customers on the basis of the percentage of their spending. The personal credentials such social security number, credit card details, account holder name, transaction details and other banking activities were at the risk of improper utilization. These personal details of the customers were not only at the risk of wrong utilization but some of them complained that they have been contacted on the basis of their regular preferences of spending by various companies. And then some of them in the interest of general public, decided to file a lawsuit against the Capital One Bank. And the following list of events, the bank agreed to pay around $190 million for the settlement payment to the complainants.
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Capital One Bank Settlement Claim 2024 Quick Overview
| Title | Capital One Bank Settlement in 2024 |
| Country | The United States of America |
| Application Window | Closed on 27th of November 2023 |
| Settlement Payment | $190 Million |
| Data Breach Took Place | in 2019 |
| Current Year of Payment | 2024 |
Who is Eligible for Capital One Bank Settlement Claim in 2024?
The ones who meet the eligibility criteria will be getting their share of settlement amount for the data breach case happened in 2019. Check out if you are eligible for the settlement payment by referring the following points
- You are a customer of the bank when the data were breached
- The details of your credit cards must be revealed only then you can get access to the settlement payments
- If your personal credentials such as social security number, account holder name, bank account number and your address have come under the scanner of some companies which can misuse your information for selling you items and tracking your history of spending
- You have the account and actively making the transaction while the data were breached because the only ones who were making active transaction witnessed hacking of their personal details
- In case you suppose that your important details were at a greater risk of theft due to data breach and they could have caused you heavy damages both personal and financial, then you are entitled to bigger settlement payments
Capital One Bank Settlement Payment Dates 2024
The application window for the settlement payment got closed on the 27th of November 2024. It means you cannot apply for the settlements now. Only you will be getting the afresh payments once you have already applied.
And the settlement payment is started getting disbursed from 27th of December 2024 and since then the applicant are receiving the payments. The bank follows the policy of “first come, first served” therefore you are required to file early to avoid delay in settlement payments.
The Capital One Bank is about to keep disbursing the payment till its entire $190 million amount is dried up. Once the bank reaches its last limits of settlement amounts, it will stop disbursing the payments. So unfortunately the ones who applied earlier will be getting the payments first.
Capital One Bank Class Settlement Claim 2024 Latest Updates
As of now, the payments have been interrupted for a course of time. You can check out the details of other capital one bank settlement payments. But now in 2024, the bank is not distributing any type of settlement payment other than Identity Defense Services available to the settlement class members.
This identity defense services benefit for the settlement class members will be accessible till 13th of February 2028. But the claim filing period and other administrative options are closed now for a time being and it is not expected to open soon. So if you have already applied for the identity defense services, you can access them till 13th of February 2028.
For checking out further information about Capital One Bank Class Action 2024 Lawsuit Settlement, you can reach other media platforms dealing with Capital One Bank.
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