The Capital One Bank Settlement claim is finally going to be over. It will be the last chance for the customers who are yet to file the claim for the settlement regarding facing data breach cases and cyberattacks like irregularities in 2019.
The overall settlement amount has been kept as $190 million in which some amount will be received by the official authorities. This settlement amount will serve the suffering customers with a much needed financial relief and help them cover their losses.
Capital One Bank Settlement 2025
Capital One is one of the most renowned banks in the United States of America. It provides loans and credits to the U.S citizens at some particular criteria. But in 2018, it faced a tremendous data breach in which about 98 million customers suffered data breaches and cybersecurity attacks such as misuse of their social security numbers, credit scores, addresses, and etc.
Due to the massive amount of data breaches and cybersecurity attacks, the citizens of the U.S.A filed a class action lawsuit against the Capital One Bank. When Capital One Bank was taken into the court then a settlement of $190 million was finalized in which some amount has to be given to the official authorities while each of the affected customers will be benefited by $25000 to cover their losses.
Capital One Class Action Settlement Overview
| Authority | Capital One Bank |
| Program Name | Data Breach Settlement |
| Country | USA |
| Total Amount | $190 Million |
| Individual Payment | $25,000 |
| Beneficiaries | US citizens affected by 2019 data breach |
| Category | Government Aid |
| Official Website | www.capitalonesettlement.com |
Capital One Settlement Claim Details & News
Although the compensation amounts were provided in both 2023 and 2024 when a settlement was approved in 2022, these kinds of protective services will continue to be distributed till 2028. The individual affected customers will be settled with a payment of $25000.
The compensation amount started to be distributed on 23rd September, 2023 and it’s still being provided. However, the officials have kept the final date of filing the claim on 21st January. The customers who are yet to file the claim will not be given any further chances if they fail to claim this final opportunity.
Eligibility for Capital One Bank Settlement 2025
The American citizens who faced the data breach cases and irregularities with their personal information due to Capital One Bank in the year 2019 are eligible to file a claim for the settlement to receive the compensation amount.
Here is a brief guide to decide the eligibility for filing a claim under the Capital One Bank Settlement Program:
- The claimant must be a permanent and approved citizen of America in 2019.
- The claimant must have a valid proof regarding their loss due to the Bank.
- Individuals must have faced data breach and cybersecurity attacks due to Capital One Bank in 2019.
- The beneficiaries must have got the notice from the official department regarding their qualification for the settlement amount.
Peter Robinson is an experienced writer with 5 years of expertise in government aid, tax news, and tax assistance. He writes for IAS Abhiyan News, providing clear and accurate updates on policies, financial aids, and tax news. Peter focuses on making complex topics easy to understand for everyone.