an unauthorized hacker accessed the personal information of approximately 98 million individuals who had applied for or held Capital One credit cards in the United States and Canada. This breach prompted a class action settlement to address the aftermath of the incident.
For detailed information about the settlement, you can visit the Capital One Settlement website. In this article, we’ll delve into the key aspects of the settlement, eligibility criteria, and the compensation process.
Important Dates and Payment Information
- Payment Start Date: September 28, 2023
- Claim Deadline: November 27, 2023
- Payment Method: Digital payment (EpiqPay) or Paper check
- Settlement Fund: $190 million
- Additional Benefits: Credit monitoring, identity theft protection, and reimbursement for certain expenses
The administrator in charge of the settlement has been distributing payments since the start date. It’s crucial for eligible individuals to ensure they receive compensation by the claim deadline.
Who is Eligible for the Capital One Settlement?
As of December 25, 2023, the deadline for claiming eligibility has passed. However, understanding the criteria sheds light on the scope of the settlement:
Eligible for Claiming Lost Time and Out-of-Pocket Expenses:
- Individuals in the United States whose personal information was accessed in the 2019 Capital One data breach, including names, addresses, Social Security numbers, and bank account numbers.
- Those who received a notice informing them of potential eligibility.
- Individuals who filed a valid and timely claim before the November 27, 2023 deadline.
Eligible for Free Restoration Services:
- All members of the Settlement Class, regardless of claim submission, will receive credit monitoring, identity theft protection, and fraud resolution assistance.
Excluded from the Settlement:
- Officers and directors of Capital One and Amazon.
- The presiding judge and any judicial staff involved in the lawsuit.
- Class Members who opted out of the settlement.
Filing a Claim and Compensation Details
Unfortunately, the deadline to file a claim has passed. However, the settlement provides access to free Restoration Services for all members, including credit monitoring, identity theft protection, and fraud resolution assistance.
Capital One is committed to compensating claimants, offering $25,000 per person. The total settlement amount is $190 million, managed through Epiq Pay. Claimants will receive funds covering expenses related to the incident, such as addressing fraud charges and enhancing data security.
Maximizing Your Compensation: Capital One Class Action Settlement 2024 Payout Details
Unraveling the Capital One Class Action Settlement: Key Information
Discover the latest updates on the Capital One Class Action Settlement 2024 Payout, ensuring you stay informed about your entitlements and the compensation process.
Capital One Class Action Settlement Breakdown
Learn more about the Capital One Class Action Settlement, including essential details such as payment start date, claim deadline, payment methods, settlement fund, additional benefits, and the official website:
- Payment Start Date: Commenced on September 28, 2023
- Claim Deadline: November 27, 2023
- Payment Method: Choose between Digital Payment (EpiqPay) or Paper Check
- Settlement Fund: A substantial $190 million
- Additional Benefits: Enjoy Credit Monitoring, Identity Theft Protection, and reimbursement for certain expenses
- Official Website: Visit capitalonesettlement.com for official updates
Timely Distribution for Claimants
The settlement administrator initiated payment distribution on September 28, 2023. It’s imperative to note that the deadline for receiving payments is November 27, 2023. This comprehensive approach aims to keep affected individuals well-informed, ensuring a swift and efficient compensation process.
Understanding Eligibility for the Capital One Settlement
Who Qualifies?
As of December 25, 2023, the deadline for eligibility claims has lapsed. Nonetheless, understanding the eligibility criteria provides insights into the settlement’s scope. Eligible members include:
- Claiming Lost Time and Out-of-Pocket Expenses
- U.S. residents whose personal information was compromised in the 2019 Capital One data breach.
- This includes individuals identified by Capital One with exposed details like names, addresses, Social Security numbers, and bank account numbers.
- Those who received a notice about potential eligibility.
- Individuals who filed a valid claim before the November 27, 2023 deadline.
- Entitled to Free Restoration Services
- All Settlement Class members, irrespective of filing a claim, receive credit monitoring, identity theft protection, and fraud resolution assistance.
Exclusions from the Settlement
Certain individuals are excluded from the settlement, including officers and directors of Capital One and Amazon, the presiding judge, and any judicial staff involved in the lawsuit. Also, any Class Member who opted out of the settlement in a timely and valid manner.
Navigating the Claims Process
Missed the Filing Deadline?
If you missed the November 27, 2023, filing deadline, regrettably, no further action can be taken for compensation through this settlement. However, all Settlement Class members still have access to free Restoration Services, embracing credit monitoring, identity theft protection, and fraud resolution assistance.
Capital One’s Generous Payouts
Per Person Compensation
Capital One is dedicated to compensating claimants generously, offering an impressive $25,000 per person. The total settlement fund amounts to $190 million.
The distribution process is managed through Epiq Pay, with all communications conducted via email. This stringent approach ensures claimants are well-informed, emphasizing secure and efficient fund distribution.
Capital One’s commitment extends beyond mere financial restitution; it’s a recognition of the challenges faced by those impacted by the security breach. This holistic settlement addresses various concerns, ensuring individuals receive fair and appropriate compensation for the breach’s impact on their lives. Stay informed, stay compensated.
Frequently Asked Questions
Q: How do I sign up for the Capital One Settlement?
A: Unfortunately, the deadline for filing a claim has passed. However, all members of the Settlement Class will receive free Restoration Services.
Q: What is the compensation per person in the Capital One Settlement?
A: Capital One is offering $25,000 per person, with a total settlement amount of $190 million.
Q: What additional benefits are provided in the settlement?
A: In addition to financial compensation, all members of the Settlement Class receive credit monitoring, identity theft protection, and fraud resolution assistance.
Conclusion
Capital One’s commitment to compensating claimants is a comprehensive solution recognizing and addressing the difficulties faced by those affected by the security breach. The settlement ensures equitable compensation and addresses various concerns related to the breach’s impact on individuals’ lives.
