A significant cyberattack occurred against Capital One Bank, a well-known American financial organization, in 2019. About 98 million Americans’ personal information was compromised due to this incident.
Information from bank accounts, credit and debit card numbers, and other crucial data were exposed under Capital One Bank Settlement News 2025. This cyberattack caused financial damage to a large number of customers, and their financial data was abused. After acknowledging its error, the bank established a $190 million settlement fund from which the impacted parties will get compensation.
Capital One Bank Settlement News
People impacted by the 2019 data breach are receiving financial assistance and identity protection services through the $190 million Capital One settlement fund. A class-action lawsuit brought against Capital One by American consumers for a 2019 data breach that impacted 100 million people was settled in December 2021 with the company agreeing to pay $190 million.
Capital One was penalized $80 million by the U.S. Office of the Comptroller of the Currency for the same violation more than a year prior to this settlement. Affected account holders who paid these fees from 2015 to 2022 will get compensation as part of the settlement. Eligible claimants are now awaiting their payouts following the case’s final hearing. A significant turning point in this process is the Capital One Bank settlement 2025 Payment Date, which indicates when clients may anticipate receiving their money back.
Capital One Class Action Lawsuit 2025 Details
| Organization Name | Capital One |
| Affected clients | 98 million |
| Settlement Payment Amount | USD 190 million |
| Category | Finance |
| Payment Date | Check back soon |
| Authorized site | capitalonesettlement.com |
These are eligible for Settlement Payment 2025
- Your account with the company that has been sued was open from September 1, 2015, until January 12, 2022.
- Must be an American citizen with a Capital One bank account or credit card at the time of the hack.
- Provide evidence of illegal activity or monetary losses related to the breach.
- submitted the valid claim form by the due date, together with any supporting documentation.
Important things you should know
- Due to the significant cyberattack on Capital One Bank’s systems in 2019, legal action was taken against the bank. The bank set up a $190 million compensation fund after the hack revealed information about 98 million US individuals.
- Individuals whose personal information was leaked will be the only ones eligible for this payment.
- Applying for this compensation is possible if Capital One Bank has officially notified you.
- To avoid losing out on this settlement, all qualified candidates must submit their claims before the deadline.
- Applicants for the Capital One Bank data leak must submit their claims and application system makes it possible for victims of data leak exposure to get reimbursement for monetary losses brought on by the breach.
- Customers may track their applications and get the Capital One Class Action Settlement Payment Amount 2025 and status updates on the organization’s official website.
Important Dates
The following summarizes the significant turning points in the Capital One settlement process:
- A data breach results in the exposure of 98 million consumers’ personal data 2019
- Final clearance of the $190 million settlement was given on September 13, 2022.
- Submission deadline for claims has been ended and on September 28, 2023, the first payment round was made.
- The second batch of payments was made on September 4, 2024.
- Services for identity restoration are still offered to impacted people till February 13, 2028.
Capital One Bank Settlement News 2025
This settlement is a critical step in holding financial institutions accountable for unethical practices. The case emphasizes the need of moral banking and consumer protection by compensating affected consumers. Along with offering financial comfort, the settlement restores account holders’ trust and serves as a reminder of the need of transparency in financial transactions. It denotes the end of a legal proceeding and the payment of unjust fees. Depending on the expenses incurred and the veracity of their claims, qualifying applicants may earn up to $25,000. The approved claimants will split the settlement money in this lawsuit.
Many people have experienced the repercussions of a data breach. Unauthorized access was made to many bank accounts. Therefore, the Capital One Bank Settlement Amount was given to those who were negatively impacted by this data breach. However, on September 28, 2023, the first payment was paid. On September 4, 2024, the second deposit was made. The other individuals impacted by the data leak received this sum. Priority was given to those who lost their Social Security number when it came to receiving compensation funds.
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Samarth Choudhary is a Chief Editor at keralacobank.com. He has overall editorial experience of 10 years in online media. He has completed his graduation from University of California and masters in Finance from University of Dallas in year 2010. His major interest and expertise is in Finance, Taxes, Government Aid and Schemes. His Major focus is to help users to get relevant information which are published on keralacobank.com in easy and precise form.