In 2019, Capital One experienced one of the biggest data breaches in history, exposing the personal data of nearly 98 million customers. This breach left millions vulnerable to identity theft and fraud, with information such as Social Security numbers, bank account details, and credit scores being compromised.
As a result, a class-action lawsuit led to a $190 million settlement approved in 2022, aimed at compensating affected customers. While payments have already been processed in 2023 and 2024, many are still awaiting updates on the Capital One Class Action Settlement 2025 Payment Date. If you were affected, you may still be eligible for compensation. Let’s go over the details, eligibility requirements, and payment process.
Capital One Bank Settlement 2025 Overview
The class-action lawsuit against Capital One resulted in a settlement of $190 million to support victims of the breach. Additionally, the U.S. Office of the Comptroller of the Currency (OCC) fined Capital One $80 million for failing to protect customer data.
Key Details of the Settlement
| Category | Details |
|---|---|
| Company Under Lawsuit | Capital One |
| Affected Clients | 98 million |
| Settlement Payment Amount | $190 million |
| Payment Date | To Be Updated |
| Official Website | capitalonesettlement.com |
The compensation fund is designed to help customers recover losses and ensure better identity protection in the future. Qualified claimants may receive up to $25,000 based on proof of damages.
Who is Eligible for the Capital One Class Action Settlement 2025?
To qualify for a payment under this settlement, you must meet the following requirements:
- You had a Capital One credit card or bank account between September 1, 2015, and January 12, 2022.
- You are a U.S. resident affected by the July 2019 data breach.
- You experienced financial loss due to the breach (such as identity theft or fraud).
- You submitted a valid claim form with supporting documents before the deadline.
If you meet these criteria, you may still be able to receive a Capital One Settlement Payment 2025.
How Will the Settlement Be Paid?
Payments for the Capital One Settlement are being handled through EpiqPay, a secure digital payment platform. Claimants who provided a valid email address will receive a notification from EpiqPay.com with options to receive their compensation.
For those who prefer traditional payment methods, instructions will be available on the official settlement website.
Compensation Breakdown
- Lost Money Claims: Up to $25,000 for documented financial losses.
- Lost Time Claims: Compensation for up to 15 hours of time spent dealing with the breach at a rate of $25 per hour.
- Identity Protection Services: Free coverage through February 13, 2028.
Capital One Class Action Settlement 2025 Payment Date
While initial settlement payments began on September 27, 2023, and continued into 2024, some claimants are still awaiting their funds. There is no fixed deadline for the final distribution, but claimants are advised to check their email inboxes and the official website for the latest updates.
The lawsuit against Capital One was a major legal victory for consumer rights, holding the bank accountable for security lapses. It also set a precedent for financial institutions to strengthen their cybersecurity to protect customers in the future.
Conclusion
The Capital One data breach affected millions, leading to a historic settlement that provided financial relief and identity protection services. If you were impacted, make sure you meet the eligibility requirements and stay informed about payment updates. Check capitalonesettlement.com regularly for the latest information. This settlement serves as a reminder for financial institutions to enhance security measures and protect consumer data from future breaches.
FAQ’s
How much can I claim from the Capital One Settlement?
Qualified claimants may receive up to $25,000 for documented financial losses and compensation for lost time at $25 per hour (up to 15 hours
How will I receive my settlement payment?
Payments will be sent through EpiqPay.com via email. If you prefer a different payment method, check the official website for options.
When will the final Capital One Settlement payments be made?
While payments started in 2023, some are still being processed in 2024 and 2025. Stay updated by visiting capitalonesettlement.com.