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Capital One Bank Lawsuit 2024 Class Action Latest Updates, Payment Dates and Amount

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Capital One Lawsuit Background: The 2024 Capital One lawsuit stems from a significant data breach in 2019 affecting approximately 98 million US consumers. Allegations focused on Capital One's negligence in data security practices, leading to unauthorized access to sensitive customer information. 

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Types of Lawsuits: There are two main lawsuits in 2024: one related to the data breach settlement finalized in 2022, and another concerning representation fees charged by Capital One for checks and ACH transactions.

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Data Breach Settlement: The data breach lawsuit concluded with a $190 million settlement. Eligible claimants who filed before the deadline have received compensation. Identity theft protection services through Pango are available until February 13, 2028.

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Representation Fee Lawsuit: Filed in 2023, this lawsuit challenged Capital One's practice of charging representation fees. A $16 million settlement was reached in June 2024 for customers charged these fees between 2015 and 2022.

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Payment Distribution: Payments for the data breach settlement have been distributed to eligible claimants. However, for the representation fee settlement, the claim filing process and payment dates are pending establishment of the official filing website.

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Claim Filing Process: Eligible customers must monitor legal news sources or wait for communication from Capital One regarding the start of the claim filing process for the representation fee settlement.

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Settlement Amounts: The data breach settlement totaled $190 million, while the representation fee settlement amounted to $16 million. Individual payouts depend on the number of valid claims submitted and other settlement terms.

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Ongoing Updates: Stay updated through legal news sources for developments on the claim filing process and payment timelines for the representation fee settlement.