The deadline to file a claim in the $3.25 million USAA data breach settlement is fast approaching. United Services Automobile Association (USAA), a financial services company serving military members, veterans, and their families, agreed to a nationwide class action lawsuit settlement following allegations that it failed to prevent a May 2021 data breach.
If your personal information was compromised, you may be eligible for compensation. Here’s what you need to know about eligibility, deadlines, and payment details.
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Who Is Eligible to File a Claim?
Individuals who had their personal information accessed, stolen, or compromised as a result of the May 2021 data breach are eligible to file a claim.
If you were affected, you should have received a notification after the settlement was reached in December 2024.
Those who do not file a claim may not receive a payment from the settlement. Anyone impacted is advised to submit their settlement payment election to ensure compensation.
Deadline to File a Claim
The deadline to file a settlement payment election is April 7, 2025.
Additionally, April 7 is the last day for individuals to exclude themselves from the lawsuit or object to the settlement.
If you miss the deadline, you may forfeit your right to receive compensation from the settlement.
How Much Money Will Class Members Receive?
Each eligible class member will receive an equal share of the $3.25 million settlement fund. However, the exact payment amount depends on:
- The number of people who file claims
- Deductions for legal and administrative fees
Since settlements are divided among all valid claimants, individual payments may vary.
USAA has not admitted any wrongdoing but has agreed to the $3.25 million settlement to resolve the security breach allegations.
When Will Payments Be Issued?
It is unclear exactly when payments will be distributed. The final approval hearing for the settlement is scheduled for May 21, 2025.
After the hearing, it may take several months for payments to be processed and sent to eligible claimants.
How to File a Claim
To ensure you receive compensation, follow these steps:
- Visit the official settlement website (provided in your notification).
- Complete the claim form and submit it before April 7, 2025.
- Wait for final court approval and payment processing.
Frequently Asked Questions (FAQs)
1. How do I know if I am eligible for the settlement?
If USAA notified you in December 2024 about the data breach, you are likely eligible to file a claim.
2. What happens if I do not file a claim?
If you do not submit a claim by April 7, 2025, you may not receive any compensation from the settlement.
3. Can I opt out of the settlement?
Yes, but you must request exclusion by April 7, 2025. This means you will not receive a payment but retain the right to file a separate lawsuit against USAA.
4. How long will it take to receive payment?
The final approval hearing is on May 21, 2025. If the settlement is approved, payments may take several months to be processed and sent out.
5. Will the payment amount be the same for everyone?
The payout will be an equal share of the $3.25 million fund but will vary depending on how many people file claims and any legal deductions.
