The settlement is Closed
What Is Capital One Class Action About?
According to the class action lawsuit, it replies that Capital One violated its terms by not refunding NSF or overdraft fees for represented check or ACH transactions. Plaintiffs argue these fees should have been refunded once customers presented checks and ACH debits for payment.
Did Capital One Deny It?
Capital One agreed to pay $16 million to settle a class action lawsuit alleging that its charged unlawful fees for returned check or ACH debit transactions.
As part of the settlement, class members will receive a share of the settlement fund based on the number of eligible fees charged during the class period. Current account holders will get their share as an account credit, while former account holders will receive a check.
Who was Eligible?
current and former Capital One account holders whom the bank charged a representment fee between Sept. 1, 2015, and Jan. 12, 2022.
OPTIONS IN THIS SETTLEMENT
| Details | |
|---|---|
| Potential Award | It differs |
| Proof of Purchase. | N/A |
| Claim Form Deadline | 06/17/2024 |
| Case Name | McNeil v. Capital One Bank NA, Case No. 1:19-cv-00473-NRM-TAM, in the U.S. District Court for the Eastern District of New York |
| Hearing Date (Final) | 07/15/2024 |
| Settlement Website | Capitalonelitigation.com |
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