Capital One Bank Settlement 2024: Payout Date and Everything You Need to Know!
Hey there! If you’re here, you must be looking for information regarding the Capital One Bank settlement in 2024. No worries, we’ve got all the juicy details for you! 😃
What’s This Settlement All About?
Remember the massive data breach in 2019? Yep, that one! About 98 million U.S. citizens had their personal information—like names, addresses, and even Social Security numbers—compromised. As a response, Capital One agreed to settle and compensate the affected individuals.
Eligibility for the Settlement
Wondering if you’re eligible? Here are the basics:
- You need to have been affected by the 2019 data breach.
- You must have suffered some form of financial loss or disruption due to the breach.
- If you received a notice about this settlement, you’re likely eligible.
How Much Can You Expect?
Capital One has agreed to a total settlement of around $190 million. If you’re among the affected, you could receive up to $25,000, depending on your claimed losses. But remember, legal charges will be deducted from this amount. 🤑
When Will You Get Paid?
Now, the big question: the payout date! While there isn’t a specific payout date mentioned, the settlements have already started rolling out from September 27, 2023. The process is expected to continue, and unofficial sources suggest it will be fully disbursed by August 2024. So, hang tight and keep an eye on your account! 🗓️
Missed the Deadline?
If you didn’t claim your EpiqPay payment by November 27, 2023, your unclaimed payments were converted to checks and mailed out on December 14, 2023. Unfortunately, the deadline to request a check reissue has passed. 😕
What If You Didn’t Do Anything?
If you took no action, you still have access to Identity Defense Services and Restoration Services provided by the Settlement until February 13, 2028! This includes dark web monitoring, identity theft insurance, and more. 🌐🔒
Future Precautions
Capital One is implementing extensive Business Practice Commitments related to information security, ensuring such breaches are less likely in the future. It’s not just about making up for the past but also safeguarding the future! 💪
So, that’s the scoop on the Capital One Bank Settlement 2024 and its payout dates. Stay informed and make sure to claim what’s rightfully yours!
Have any more questions? Drop a comment below! 💬
Mason Caldwell is a financial expert and writer who specializes in topics related to taxation, personal finance, and economic analysis. With extensive experience in the financial industry, Mason has contributed to numerous financial publications, sharing insights that help individuals and businesses make smarter financial decisions. Known for his ability to simplify complex financial topics, Mason’s articles are both informative and accessible to a wide audience. When he’s not writing, Mason enjoys hiking, reading historical novels, and exploring new technologies in finance.
