Capital One Bank Settlement 2024: Capital One has faced multiple lawsuits in recent years, leading to major settlements in 2024. These include data breach compensation, refunding unfair overdraft and NSF fees, and resolving allegations of misleading banking practices.

If you’re a Capital One customer, you may be eligible for a settlement payout. Here’s everything you need to know about the Capital One settlements in 2024, including payment details, eligibility, and how to claim your compensation.

1. Capital One Data Breach Settlement: $190 Million Payout

In 2019, Capital One experienced a massive data breach that exposed the personal information of nearly 98 million customers. A class action lawsuit followed, leading to a $190 million settlement to compensate affected users.

Key Details:

• Settlement Fund: $190 million
• Who Qualifies? Customers whose data was compromised in the 2019 breach
• Compensation: Cash payments, identity theft protection, and fraud resolution services
• Payout Schedule:

• First payment: Started September 28, 2023
• Second payment: Issued on September 4, 2024
  Claim Deadline: November 27, 2023 (already closed)

Identity Protection Services: Eligible users can access free credit monitoring and identity theft protection until February 13, 2028.

More details: Capital One Settlement Website

2. Overdraft & Representment Fees Settlement: $16 Million

Capital One was sued for charging multiple NSF (Non-Sufficient Funds) and overdraft fees on the same transaction. The lawsuit claimed this practice was unfair and deceptive, leading to a $16 million settlement in July 2024.

Key Details:

• Settlement Fund: $16 million
• Who Qualifies? Customers charged multiple NSF/overdraft fees from September 1, 2015 – January 12, 2022
• Compensation: Partial refunds for unfairly charged fees
• Payout Schedule: Expected in late 2024

If you were affected, you might receive an automatic refund—no need to file a claim.

More details: Class Action Information

3. Capital One Lawsuit Over Banking Practices Dropped in 2025

The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Capital One in early 2024, alleging that the bank misled customers by reducing interest earnings on their 360 Savings Accounts.

However, in February 2025, the CFPB dismissed the lawsuit, closing the case permanently. This means Capital One will not be required to pay additional penalties or compensation for these claims.

More details: CFPB Case Update

FAQs on Capital One Bank Settlement 2024

Who is eligible for the Capital One data breach settlement?

Anyone whose personal data was compromised in the 2019 breach may have qualified for compensation. The claim deadline has passed.

When will Capital One pay settlement money?

• Data breach payments: First batch issued in 2023, second in 2024.
• NSF/Overdraft refunds: Expected by late 2024.

How do I check if I’m eligible for a settlement?

Visit the official settlement website or check your email for notifications from Capital One.

Do I need to file a claim for overdraft refunds?

No. If you were charged unfair overdraft fees, refunds may be issued automatically.

Will there be another Capital One settlement?

There are no new pending lawsuits at the moment, but customers should stay updated for any future settlements.

Final Thoughts

USA: Capital One’s 2024 settlements reflect its ongoing legal challenges related to data privacy and banking fees. If you’re an affected customer, check your account for payouts and stay updated on future settlements.

• To ensure you don’t miss out on compensation:
• Check your emails for settlement updates.
• Monitor your bank account for automatic refunds.
• Stay informed on ongoing legal developments.

For official details, visit the Capital One Settlement Website.