The Capital One Bank Settlement 2024: Payout Date and Everything You Need to Know
Introduction
In 2019, Capital One settled a class-action lawsuit regarding a data breach that affected over 106 million customers. The settlement, which was approved by the court in March 2023, includes a payout to affected individuals. This article provides comprehensive information about the Capital One Bank settlement payout date, eligibility requirements, and other important details.
Payout Date
The Capital One Bank settlement payout date is expected to be in early 2024. The exact date has yet to be determined but will be announced once it is finalized. Payments will be made electronically or by check, depending on the preference of each eligible recipient.
Eligibility
To be eligible for a payout from the Capital One settlement, you must have been a customer of Capital One Bank between March 2016 and July 2019 and have been affected by the data breach. The breach compromised personal information, including names, addresses, Social Security numbers, and credit card information.
Amount of Payout
The amount of each individual's payout will vary depending on the type and severity of information that was compromised. According to the settlement agreement, payments will range from $25 to $100,000, with the average payout expected to be around $200.
Benefits of the Settlement
The Capital One Bank settlement provides several benefits to eligible recipients, including:
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Compensation for financial losses: Individuals who incurred financial losses as a result of the data breach may be eligible for reimbursement.
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Credit monitoring: Affected individuals will receive free credit monitoring services for two years.
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Identity protection: Settlement participants will have access to identity theft protection services.
How to File a Claim
Eligible individuals do not need to file a claim to receive a payout. Payments will be automatically distributed to eligible recipients based on the information provided in the settlement agreement.
Important Note
It is important to be aware of potential scams related to the Capital One Bank settlement. Individuals should not pay any fees or provide personal information to anyone claiming to represent the settlement administrator. If you have any questions or concerns, you can contact the settlement administrator directly.
Additional Information
The settlement was divided into two phases:
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Phase 1: Payments to individuals who incurred financial losses due to the data breach.
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Phase 2: Payments to individuals whose personal information was compromised but who did not incur financial losses.
The settlement administrator for the Capital One Bank settlement is: [Insert Settlement Administrator Information]
Useful Tables
Table 1: Payout Amounts
| Information Compromised |
Payout Range |
| Name and address |
$25-$100 |
| Social Security number |
$100-$1,000 |
| Credit card information |
$250-$10,000 |
Table 2: Settlement Timeline
| Event |
Date |
| Data breach |
March 2016 - July 2019 |
| Class-action lawsuit filed |
2019 |
| Settlement approved by court |
March 2023 |
| Payout date (estimated) |
Early 2024 |
Table 3: Contact Information
| Organization |
Contact Information |
| Settlement Administrator |
[Settlement Administrator Website/Phone Number] |
| Capital One Bank |
[Capital One Bank Website/Phone Number] |
Conclusion
The Capital One Bank settlement payout date is expected to be in early 2024. Eligible individuals will receive payments ranging from $25 to $100,000, depending on the severity of the information compromised. The settlement provides benefits such as financial loss reimbursement, credit monitoring, and identity protection. By understanding your eligibility and the payout details, you can ensure that you receive the compensation you deserve.
