Capital One customers have until midnight to see if they benefit from the bank’s $16 million settlement to resolve claims that it charged unlawful fees for some transactions.
The settlement is a victory for customers who claimed Capitol One violated its account terms by failing to refund insufficient funds or overdraft fees it charged for represented check or ACH transactions. Capitol One agreed to the settlement without admitting to being at fault.
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.
Customers wishing to exclude themselves from or object to a settlement claim have until June 17 to submit a written objection to the settlement administrator.
The final approval hearing will be held on July 15.
Eligible customers who do not exclude themselves will automatically…
