Class-action lawsuit: Capital One customers have 6 days to check their status for piece of $16 million settlement

Capital One customers are just six days away from deciding whether to opt out or object to receiving a portion of the bank’s $16 million settlement to resolve claims it charged unlawful fees for some transactions.

Customers 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.

Customers charged with a representment fee between Sept. 1, 2015, and Jan. 12, 2022, are entitled to a portion of the settlement but do not need to submit a claim.

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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.