If you’ve ever had a Capital One account, you might be eligible for a payment from a recent settlement. Here’s what happened:
Table of Contents
The Problem
Capital One was accused of charging extra fees on certain transactions, which wasn’t fair. They agreed to pay $16 million to settle the claims.
Who’s Eligible for Capital One Settlement?
If you had a Capital One account between September 1, 2015, and January 12, 2022, and were charged a “represented fee,” you might be eligible for a payment.
How Much money Will I Get?
The amount each person will receive depends on how many eligible claimants there are. The $16 million settlement fund will be divided among everyone who was charged these extra fees.
Do I Need to Do Anything?
No! If the settlement is approved, payments will be made automatically. Current account holders will get an account credit, while former account holders will get a check in the mail.
What Are My Next Steps?
You can opt out of the settlement if you want to sue Capital One individually. Or, you can object to the settlement if you think it’s unfair. But if you do nothing, you’ll still get a payment.
Important Dates to remember
- June 17, 2024: Deadline to opt out or object to the settlement
- July 15, 2024: Final approval hearing for the settlement
Keep an eye on these dates if you want to take action. Otherwise, just sit back and wait for your payment!
FAQs
Who is eligible for a payment?
If you had a Capital One account between September 1, 2015, and January 12, 2022, and were charged a “represented fee,” you might be eligible.
How much will I get?
The amount each person will receive depends on how many eligible claimants there are. The $16 million settlement fund will be divided among everyone who was charged these extra fees.
Do I need to do anything to get my payment?
No, payments will be made automatically if the settlement is approved.
What are my options if I don’t like the settlement?
You can opt out of the settlement to sue Capital One individually or object to the settlement if you think it’s unfair.
What are the important dates I need to know?
June 17, 2024, is the deadline to opt out or object, and July 15, 2024, is the final approval hearing date.
