In July 2019, a hacker who was not allowed broke into the system and got the personal details of about 98 million people in the USA and Canada. These people had either applied for or had Capital One credit cards. This breaking of security was a big problem for those whose information was taken.
If you’re involved in the class action settlement related to the incident we talked about, there’s important news for you. You can get all the details on the Capital One Settlement website, which is at capitalonesettlement.com. Also, if you’ve received emails from EpiqPay about payments for the Capital One Class Action Settlement, know that these emails are real and true. It’s very important to be aware of this.
Capital One Class Action Settlement 2024 Payout Released Dates
| Company Name | Capital One |
| Payment Start Date | 28 September 2023 |
| Claim Deadline | 27 November 2023 |
| Payment Release Mode | Digital payment (EpiqPay) or Paper check |
| Settlement Fund Amount | $190 million |
| Additional Benefits | Credit monitoring, identity theft protection, and reimbursement for certain expenses |
| Official Website Link | capitalonesettlement.com |
The person handling the settlement started giving out payments on September 28, 2023. If you should get a settlement, remember that you need to get your payment by November 27, 2023. This method is made to make sure everyone affected gets their rightful money fast and easily.
Eligible Criteria for the Capital One Settlement?
As of December 25, 2023, the time to claim your part in the Capital One settlement is over. Now, no one can ask for compensation. But, you might still want to know who could claim and what the rules were. Here’s a look at who was eligible for the settlement:
Eligibility Terms for Claiming Lost Time and Out-of-Pocket Expenses
- People living in the United States whose personal details were taken in the 2019 Capital One data breach were eligible. This includes their names, addresses, Social Security numbers, and bank account details.
- Also, those who got a message telling them they might be eligible for the settlement.
- And, people who put in a proper claim on time, before the deadline on November 27, 2023.
Free Restoration Services Eligibility
Everyone in the Settlement Class will get credit monitoring, identity theft protection, and help to solve fraud issues. This is for all members, even if they didn’t ask for payment for lost time or expenses they had to pay from their pocket.
Who Can’t avail of the Settlement Benefits?
- People who are officers or directors of Capital One and Amazon are part of this.
- The judge who is handling this case and any court staff working on this lawsuit are also included.
- Also, any member of the class who chose not to be part of the settlement in time and in the right way.
Guide to File a Claim for the Capital One Settlement?
The last date to file a claim for the Capital One settlement was November 27, 2023. If you didn’t submit a claim and missed this date, you can’t do anything now to get money from this settlement.
But, the settlement still offers free Restoration Services to all members of the Settlement Class. This is true even if they didn’t file a claim for Lost Time and Out-of-Pocket Expenses. These services include credit monitoring, identity theft protection, and help with solving fraud issues.
Capital One Settlement Per Person Payout Amount
Capital One is ready to pay $25,000 to each person affected by this issue. The total money for this is $190 million.
Epiq Pay will handle the payment of this money, and all the details will be sent by email. This careful process makes sure that the people getting the money are well-informed and that the payment is safe and quick.
People who were harmed by this breach will get money for the costs they had because of it. This includes dealing with fraud charges, costs from identity theft, and fees for making their data more secure. They can also get money for the time they lost because of this breach, around $25 for each hour, for up to 15 hours. This is to help with the trouble caused by the breach.
Capital One’s promise to pay is not just about giving money. It’s also about understanding and fixing the problems faced by those hit by this security issue. This full settlement takes care of different worries and makes sure people get fair and right payment for how the breach affected their lives.
Important Link