Citibank Settlement Payout Date: Citibank has agreed to settle a class action lawsuit involving claims that it violated the Telephone Consumer Protection Act (TCPA) by making unsolicited robocalls to non-customers regarding past-due credit card accounts. If you are an affected individual, here’s everything you need to know about the Citibank settlement payout date, eligibility, and how to claim your compensation.
What is the Citibank Settlement About?
The class action settlement resolves allegations that Citibank made illegal robocalls to individuals between August 15, 2014 and July 31, 2024, in violation of the TCPA. These calls were related to past-due credit card accounts, and individuals who received such calls may be eligible for compensation as part of the settlement.
Citibank Settlement Payout Date
The settlement payout date is set for mid to late May 2025. This means that eligible claimants can expect to receive their payments by that time.
- Expected Payout Date: Mid to late May 2025
- Final Approval Hearing: January 14, 2025
- Claim Filing Deadline: December 20, 2024
These dates are important for those looking to receive compensation. It is crucial to file your claim before the deadline to be eligible for compensation.
How Much Compensation Can You Expect?
Compensation for the Citibank TCPA settlement will vary depending on the number of valid claims and the nature of the calls you received.
- Estimated Payment Range: $350 to $850
- Potential Higher Compensation: If you received more than five robocalls, you may be eligible for up to $2,500, depending on the number of calls and supporting documentation.
Payments will be sent by check to the address listed on the claim form. Please note that no electronic payment methods, such as PayPal, will be used for this settlement.
How to File a Claim for the Citibank Settlement
To receive compensation, you must file a claim before the December 20, 2024 deadline. The claims process is simple, and claim forms can be submitted online. You’ll need to provide basic information about your claim, including proof of receiving robocalls if possible.
- Claim Filing Deadline: December 20, 2024
- Claim Process: Submit your claim online at the official settlement website.
FAQs About the Citibank Settlement Payout
- When will the Citibank settlement payments be made?
- The payout date is expected to be mid to late May 2025. Payments will be sent by check.
- How much will I get from the Citibank settlement?
- Compensation ranges from $350 to $850, with higher payments for those who received more than five robocalls, up to $2,500.
- How can I file a claim for the settlement?
- Claims can be submitted online via the official settlement website before the December 20, 2024 deadline.
- Who is eligible for the Citibank settlement?
- Individuals who received robocalls from Citibank between August 15, 2014 and July 31, 2024, regarding past-due credit card accounts may be eligible for compensation.
- What is the settlement amount?
- The total settlement fund is $29.5 million, which will be distributed to eligible claimants.
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Conclusion
The Citibank settlement provides compensation to those who were impacted by unsolicited robocalls made by the company regarding credit card debt. If you are eligible, be sure to file your claim before the December 20, 2024 deadline. You can expect payouts to be issued by mid to late May 2025.
For more details on filing a claim or checking your eligibility, visit the official Citibank Settlement Website.
As a finance news writer at sirfal.com, I specialize in breaking down complex economic trends, market updates, and investment strategies into clear, actionable insights. My mission is to empower readers with the knowledge needed to make informed financial decisions. Thank you for engaging with my articles; I hope they add value to your financial journey.