Nearly 98 million customers’ financial and personal information had been harmed in the 2019 Capital One Bank hack, which was still considered one of the biggest data breaches in the banking industry. Sensitive information, such as credit card numbers, bank account information, and personal identification numbers, was made available to hackers.
Due to Capital One data breach, numerous customers were exposed to fraud or identity theft. Capital One field to secure customer data, which raises serious concern about banking security, and leading to legal action against Capital One Bank.
Capital One Bank Settlement 2025
Capital One agreed to a $190 million settlement to help affected customers in an attempt to repair the damage caused by the data breach. The US Office of the Comptroller of the Currency fined the bank $80 million for inadequate safety protocols during the lengthy legal proceedings that led to this settlement.
The Capital One Bank Settlement 2025, which was completed in December 2021, was a major step in the path of corporate responsibility and consumer protection. The fund’s goal is to compensate people who lost money as a consequence of their personal information being accessed without permission.
Capital One Class Action Settlement Overview
| Name of Bank | Capital One Bank |
| Program | Capital One Bank Date Breach Settlement |
| Country | USA |
| Settlement Amount | $190 million |
| Date of Data Breach | 2019 (year) |
| Additional Support | Identity restoration until Feb 13, 2028 |
| Category | Government Aid |
| Official Website | https://www.capitalonesettlement.com/ |
Who can Claim the Capital One Bank Settlement
Compensation is not always available to those impacted by the breach. To qualify, individuals must meet specific criteria set by the settlement agreement. Those who qualify must have had a Capital One credit card or bank account open from 1st September 2015 to 12th January 2022.
Additionally, they must be citizens of the United States and provide proof of monetary losses, unlawful transactions, or fraud connected to the 2019 data breach.
Capital One Bank Settlement Payment Dates
To guarantee that all qualified claimants get their payouts in an organized manner, the Capital One Bank compensation procedure has been divided into several stages. On 13th September 2022, the settlement received final approval, allowing the start of the money distribution.
On 28th September 2023, the first payment round was made, and second round on 4th September 2024. Additionally, Capital One has committed to providing identity restoration services for affected individuals until 13th February 2028.
Impact of the Capital One Bank Settlement 2025
More than just a monetary compensation, the Capital One data breach deal is a significant turning point in the process of making financial companies accountable for their security breaches.
Many of the customers who were impacted by the breach had to deal with fraud transactions, identity theft, and unauthorized access to their accounts, which caused them significant financial and mental stress.
How to Claim Capital One Bank Settlement Amount
- Customers who were impacted must have had an active Capital One account within the time period and be aware that the 2019 breach exposed their data.
- Those who meet the eligibility criteria were required to submit a claim Capital One Bank Settlement 2025 application form, either online or through mail.
- The status of their claims and the expected settlement amount are provided to approved claimants via letter or email.
- Compensation is distributed in stages, with those who suffered significant financial losses receiving priority.
- The official Capital One settlement website allows claimants to monitor the status of their applications and payment updates.
FAQs
When will the settlement payments be made?
Payments were distributed in stages, with the first round on 28th September 2023, and the second on 4th September 2024.
How can affected customers claim their settlement?
Eligible individuals had to submit a claim form online or by mail and track their application status on the official settlement website.
Does Capital One provides any additional support to affected customers?
Yes, Capital One provides identity restoration services to affected individuals until 13th February 2028.