It’s important to distinguish between different situations involving Capital One and potential “settlement payments.” This settlement stemmed from the 2019 data breach that affected millions of Capital One customers.
Here’s a breakdown based on the search results:
1. Capital One 2019 Data Breach Settlement:
- This settlement stemmed from the 2019 data breach that affected millions of Capital One customers.
- The settlement provided financial compensation, and while the period for filing claims has largely passed, there are still ongoing benefits.
- Specifically, affected individuals can still access identity protection and fraud restoration services until 2028.
- Therefore, the bulk of the financial settlement payments were completed in 2023 and 2024.
2. CFPB Lawsuit Regarding Savings Accounts:
- More recently, in January 2025, the Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Capital One concerning its “360 Savings” accounts.
- The CFPB alleges that Capital One misled consumers about interest rates, potentially costing them billions of dollars.
- This lawsuit seeks to:
- Stop the alleged unlawful conduct.
- Provide redress for affected consumers.
- Impose civil money penalties.
- Therefore, any potential settlement payments from this lawsuit would occur after the legal proceedings are concluded. So it is to early to know if any payments will be made in 2025.
3. General Financial News:
- It’s also important to note that financial news can include information about various types of “settlements,” such as those related to local government funding or other financial transactions. These are separate from the Capital One data breach or the CFPB lawsuit.
In summary, regarding Capital One, the major data breach settlement payments have largely concluded. However, ongoing identity protection services are still available. Furthermore, the 2025 CFPB lawsuit could potentially lead to future redress for consumers.
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Payout Date
Capital One 2019 Data Breach Settlement:
- Past Payouts:
- The primary payout periods for this settlement occurred in 2023 and 2024. Specifically payments began to be issued in September of 2023, and a second round of disbursements occurred in September of 2024.
- The deadline to file a claim for financial compensation was September 30, 2022. Therefore, those dates are now passed.
- It is important to understand that all payment activities to claimants for this settlement are now complete.
- Ongoing Benefits:
- While financial payouts have concluded, affected individuals can still access identity protection and fraud restoration services until February 13, 2028.
CFPB Lawsuit Regarding Savings Accounts:
- Future Potential Payouts:
- The CFPB lawsuit filed in January 2025 is still in its early stages.
- Therefore, there are no established payout dates at this time.
- If the lawsuit results in a settlement or a judgment in favor of the CFPB, payout dates would be determined as part of that process.
Always refer to official sources, such as CapitalOneSettlement.com, for the most accurate and up-to-date information.
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