Capital One customers may be eligible for payments from two separate settlements: one for the 2019 data breach and another for representment/overdraft fees. This guide provides the latest information on eligibility, payouts, and how to check your status.
2019 Data Breach Settlement: Second Payment Update
The 2019 Capital One data breach potentially exposed the personal information of approximately 100 million U.S. residents. A class-action lawsuit followed, resulting in a settlement. While the initial claim deadline has passed, a second payment was distributed on September 4, 2024.
| Detail | Information |
|---|---|
| Settlement Amount | $190 million |
| Who Was Eligible? | Affected U.S. Residents who filed a valid claim by November 27, 2023 |
| Claim Deadline | November 27, 2023 |
| First Payment Distribution | Around September 2023 |
| Second Payment Distribution | September 4, 2024 |
Current Status: The second payment related to this settlement has been distributed. No further payments are expected.
FAQ:
- Q: I believe I was eligible but haven’t received either payment. What can I do? A: Unfortunately, retrieving information after deadlines have passed can be challenging. Check the Federal Trade Commission (FTC) website or your State Attorney General’s website for archived information regarding the settlement. You might also consider consulting with an attorney specializing in class-action settlements.
Representment Fee Settlement Payout Details
Capital One also settled a class-action lawsuit regarding representment fees, often charged alongside overdraft fees. This resulted in a $10.3 million settlement fund (after legal fees).
| Detail | Information |
|---|---|
| Settlement Amount (Net) | $10.3 Million (after legal fees) |
| Eligibility Period | September 1, 2015, to January 12, 2022 |
| Opt-Out/Objection Deadline | June 17, 2024 |
| Final Approval | July 15, 2024 |
| Payment Distribution | Fall 2024 (Completed) |
Current Status: Payments for this settlement were distributed in Fall 2024.
FAQ:
- Q: What exactly were representment fees? A: These were fees charged when a transaction, initially declined due to insufficient funds, was resubmitted and then approved, potentially incurring a second fee on top of the initial overdraft fee. This practice was challenged in the lawsuit. This explanation does not constitute legal interpretation.
How to Check Eligibility/Status
While the official settlement websites may no longer be active, you can try the following:
- Archived Websites: Search for archived versions of the settlement websites using the Internet Archive’s Wayback Machine or by checking the FTC or your state’s Attorney General website.
- Contacting Authorities: Reach out to the FTC or your state’s Attorney General for guidance and resources on consumer protection and class-action settlements.
Contact Information
As the official settlement websites are likely inactive, contacting the FTC or your state Attorney General is your best resource for information.
Additional Resources
- Federal Trade Commission (FTC): https://www.ftc.gov/
- Consumer Financial Protection Bureau (CFPB): https://www.consumerfinance.gov/
(Note: Direct links to the original settlement administration websites were likely temporary and are probably no longer active.)
Disclaimer
This information is for informational purposes only and not legal advice. Consult a qualified attorney for legal guidance.
Updates
- December 2024: This guide was last updated in December 2024. While we strive to keep this information current, settlement details can change. Always consult official sources for the most up-to-date details.
This revised guide is more concise, removes redundancies, and focuses on providing clear and actionable information in a consumer-advocacy style. It combines elements of a news update and an informational guide, emphasizing the key details readers need to know. The inclusion of the FTC and CFPB as resources provides additional support for readers seeking more in-depth information. Remember, staying informed about your rights is essential in today’s complex financial landscape.
- 109°F to °C:Easy Conversion and Explanation - March 12, 2025
- 1.71 Meters to Feet: Quick Conversion and Height Comparison - March 12, 2025
- 1800 Grams to Pounds: Quick Conversion and Weight Chart - March 12, 2025
