Capital One Settlement Claim Closed: Final Update & Payout Details for February 2025

Capital One Settlement: Capital One Bank is a reputed financial institution in America, but in 2019 this bank suffered a major cyber attack. Due to this attack, personal information of about 98 million American citizens was leaked. This data leak included bank account information, credit and debit card details and other important information.

Many people suffered financial losses due to this cyber attack, and their financial information was misused. The bank admitted its mistake and created a settlement fund of $190 million for the affected people, which will compensate those who were affected by this attack.

When and how much compensation will be given?

In the class action settlement, each eligible person will get compensation between $25,000 and $50,000, which is equivalent to about $2.1 million. The final payment amount will depend on the financial loss suffered by the person, which has been caused by identity theft and related fraudulent activities.

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The last date for this settlement process is February 21, 2025, which means that all eligible claimants must fill out and submit their claim form before this date.

How will the settlement process work?

If you have been affected by the 2019 data leak and are eligible for compensation, you have to follow the following procedure:

• Visit the official website: First of all, you have to visit the official website of the Capital One Class Action Settlement.
• Fill out the claim form: Here you have to fill in your personal details and bank-related information.
• Upload relevant documents: You have to upload identity proof and documents proving financial loss.
• Submit the form: After this, your application will be sent for review and if you are found eligible, you will be compensated.

Is this claim true? (Fact Check)

• ✅ Truth: Capital One Bank has agreed to pay $190 million to compensate affected individuals in the 2019 data leak case.
• ✅ Truth: Eligible individuals can receive a maximum compensation of up to $25,000, but this will depend on their actual economic loss.
• ✅ Truth: The payment process began on September 28, 2023, and will be completed by February 21, 2025.

Important things you should know

• This compensation will only be available to individuals whose personal information was leaked in the 2019 cyberattack.
• If you have received an official notification from Capital One Bank, you can apply for this compensation.
• All eligible applicants must submit their claims before February 21, 2025, or else they may be excluded from this settlement.

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Conclusion

Legal proceedings against Capital One Bank began after the 2019 cyberattack. When information of 98 million US citizens was leaked, the bank set up a settlement fund of $190 million.

Capital One bank data leak applicants must submit their claims before February 21, 2025. Through this application system, individuals affected by the data leak will have the opportunity to recover their financial losses.

Details and status updates of the Capital One class action settlement are available on its official website, and customers can use this service to monitor the status of their application.

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