Capital One Financial Corporation is a US-based banking services provider that offers credit cards, loans and savings accounts to US citizens. The company came under spotlight due to a major data breach in March 2019. The data of its customers were made public and was later used in funds misappropriation, unauthorized transactions, identity theft and even claiming government benefits.
The aggrieved customers filed a Capital One Class Action Lawsuit 2025 against the company alleging that the company failed to take adequate measures to safeguard the sensitive financial information stored in their corporate servers. This negligence and inaction has severely impacted the customers that are experiencing fund loss and phishing attacks in consequence of the data leak.
Capital One Class Action Lawsuit
The Capital One Class Action Lawsuit was in reaction to the data breach that leaked the data of about 98 million US customers that applied for the credit cards of this company. The lawsuit was settled on September 13th, 2022 by issuing an order against the Capital One Company to pay an adequate settlement amount to the affected customers. This settlement fund was $190 million in total which was in pursuance of an $80 million fine imposed by the US Office of the Comptroller of the Currency.
The remuneration of time lost and out-of-pocket losses was given using the $190 Million settlement to those who have claimed it till September 30th, 2022. The payment of the claim settlement share commenced on September 28th, 2023 as first payment and this was succeeded by a second payment on September 4th, 2024. The members of the Settlement class were also offered Identity Defense Services in conjunction with the Restoration Services whichever is required to facilitate rehabilitation and financial security of the affected Capital One customers. These services are made available till February 13th, 2028.
Capital One Class Action Lawsuit Overview
| Title Name | Capital One Class Action Lawsuit |
| Associated Countries | USA and Canada |
| Relevant Company | Capital One Financial Corporation |
| Type of Issue | Data Breach |
| Affected Party | Customers of the company who applied for credit cards between 2005 and 2019 |
| Lawsuit Type | Class Action Lawsuit |
| Settlement Amount | $190 Million remunerating claims made for time lost and out of pocket losses |
| Date of Settlement | September 13th, 2022 |
| Deadline to file claims | September 30th, 2022 |
| Payment Dates | First Payment – September 28th, 2023 Second Payment – September 4th, 2024 |
| Additional Remedies | Identity Defense Services in conjunction with Restoration services, whichever is required for the members of the Capital One Class Action Lawsuit valid till February 13th, 2028 |
| For more details visit at | www.capitalonesettlement.com |
What is Class Action Lawsuit 2025?
A class action lawsuit entails legal proceedings that are initiated on behalf of a group of plaintiffs seeking remedy against a civil wrong committed by the defendant. Such lawsuit is for the purpose of seeking settlement or reparations for the infringement of the civil rights wherein the legal fees and consequent settlement amount is shared among the group of plaintiffs. The plaintiffs who are members of the class party to the lawsuit need to be aggrieved by the same cause of action to claim remedy against the defendant. It helps plaintiffs to reduce the cost of filing and court proceedings associated with the lawsuit. The settlement amount is shared as per the degree or intensity of the rights infringed by the defendant and not necessarily in equal amounts.
About Capital One Data Breach
The data breach was caused by a former Amazon Web Services employee that used the access privileges to steal the credit card application data of the Capital One Company stored in the AWS servers. The data obtained through this breach was dumped in the website named GitHub for anyone to use. This data included sensitive information of US and Canadian citizens such as US Social Security Numbers, Bank account details and Canadian Social Insurance Numbers.
It was found that the company failed to take appropriate data security measures such as cloud storage monitoring and data security firewalls to flag such malicious cyber-attacks. The systemic vulnerabilities caused mental trauma and financial losses to the affected customers and left them at the mercy of cyber-scammers. Therefore the court and federal authorities decided the settlement in favour of the aggrieved customers who are subjected to financial losses and had to face cyber-attacks in consequence of the said Data Breach.
Capital One Class Action Lawsuit Eligibility in 2025
The eligibility criteria for claiming Settlement payouts under the Capital One Class Action Lawsuit was to be affected by the data breach due to being customers of the company between 2005 and 2019. The settlement claims were accepted for the time lost and out-of-pocket losses up till September 30th, 2022. The claims made beyond the deadline were not entertained as the settlement shares were decided based on the claims received till the deadline only.
The Capital One Class Action Lawsuit Settlement has already given the payouts to eligible customers. The claiming deadline is over and any payment or reissue of payment is closed along with the associated administrative options. Thus anyone who hasn’t claimed or encashed their checks will not be receiving any payout check anymore.
The only remedy available to settlement members is the Identity Defense Services in conjunction with the Restoration Services that can still be availed in facilitating their rehabilitation and financial security till February 13th, 2028. The IDS/RS can be utilized by the affected customers to protect their financial assets from any potential cyber threats, unauthorized use and identity theft by offering credit monitoring, dark web monitoring of personal credentials, wallet protection and up to $1 million insurance coverage against identity theft or financial fraud Under Capital One Class Action Lawsuit 2025.
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James Foster is a passionate writer at KnitCrate.com, specializing in finance, taxation, and public aid topics. With a knack for breaking down complex subjects, he delivers clear and insightful content for readers worldwide. When he’s not writing, James enjoys exploring economic trends and staying updated on global news.