Class-action update: Capital One clients have four days to verify eligibility for a share of the $16 million settlement
Capital One has settled a lawsuit for $16 million due to claims that it unlawfully charged fees for some transactions. Capital One customers who paid a represented fee between September 1, 2015, and January 12, 2022, don’t need to take any action to submit a claim. Although Capital One did not acknowledge any wrongdoing, the settlement is seen as a victory for clients who argued that the bank improperly handled non-sufficient funds or overdraft fees for represented checks or automated transactions. Customers have until the upcoming Monday to either exclude themselves from the settlement or file an objection. Those who don’t opt out will automatically receive a payment. More information is available on the settlement website.
Capital One customers have four days to see if they benefit from the bank’s $16 million settlement to resolve claims that it charged unlawful fees for some transactions.
Capital One account holders who were charged a represented fee between Sept. 1, 2015, and Jan. 12, 2022, are not required to provide anything to submit a claim.
While Capital One did not admit to any wrongdoing, the settlement is a victory for customers who claimed that the bank violated its account terms by failing to refund non-sufficient funds or overdraft fees it charged for represented checks or automated clearing house transactions.
Customers wishing to exclude themselves from or object to a settlement claim have until Monday to submit a written objection to the settlement administrator.
CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER
Eligible customers who do not exclude themselves will automatically receive a settlement payment.
More information can be found here.
" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."
*As an Amazon Associate I earn from qualifying purchases
