Citibank has agreed to a $29.5 million class-action settlement after facing allegations of violating the Telephone Consumer Protection Act (TCPA). The lawsuit accused the bank of making unauthorized robocalls to individuals who were not Citibank customers. These calls, made without prior consent, urged recipients to settle overdue credit card balances, which is a violation of the TCPA.
Eligible individuals who received these robocalls can now file claims to receive compensation. Payments are expected to range between $350 and $850 depending on the number of valid claims. The settlement’s payment schedule, including important deadlines, is designed to ensure timely distribution of funds to qualified claimants.
If you are eligible for this settlement, understanding the payment timeline is essential to ensure you receive your share. Below, we outline the payment schedule and steps to file your claim.
Citibank Class Action Settlement Payment Date 2025
The payment schedule is structured around critical deadlines and court approvals. Here are the important dates you need to know:
| Event | Date |
|---|---|
| Claim Submission Deadline | December 20, 2024 |
| Final Approval Hearing | January 14, 2025 |
| Expected Payment Distribution | Spring/Summer 2025 (estimated) |
- All claims must be submitted by December 20, 2024. Claims submitted after this date will not be considered for compensation. It’s crucial to file your claim well in advance of the deadline to avoid any last-minute issues.
- A court hearing is scheduled for January 14, 2025, during which the judge will decide whether to grant final approval for the settlement. This approval is necessary before any payments can be distributed.
- If the settlement is approved, payments to eligible claimants are expected to begin in Spring or Summer 2025. The exact timing will depend on the number of claims filed and any administrative processes required to finalize the distribution.
Filing a Claim: Steps to Secure Your Payment
To receive your share of the settlement, follow these steps to file a claim:
- Access the claim form on the official Citibank TCPA settlement website.
- Provide accurate details, including your name, contact information, and any relevant phone numbers.
- If required, submit phone records or other evidence to prove you received unauthorized robocalls.
- Review your submission carefully before submitting it online. You will receive a confirmation notice upon successful submission.
- Track the progress of your claim through the settlement website and stay informed about payment distribution timelines.
What Determines Payment Timing?
The timeline for payments depends on several factors, including:
- Number of Claims Filed – If fewer claims are submitted, the administrative process may be completed faster, potentially expediting payments. Conversely, a higher volume of claims could delay the timeline.
- Final Court Approval – Payments can only be distributed after the court grants final approval of the settlement during the January 14, 2025 hearing. Any delays in approval could push back the payment schedule.
- Processing Time – After the approval, the settlement administrator will verify all claims and calculate payouts. This process typically takes a few months, which is why payments are expected by mid-2025.
Payment Amounts: How Much Will You Receive?
The settlement fund of $29.5 million will be distributed among all valid claimants. The exact amount each person receives will depend on the total number of claims filed:
| Scenario | Estimated Payment |
|---|---|
| Higher Number of Claims | Closer to $350 per claimant. |
| Lower Number of Claims | Up to $850 per claimant. |
If fewer claims are filed, each claimant may receive a larger share of the settlement fund.
After Submitting Your Claim: What to Expect
After submitting your claim, here’s what happens next:
- Confirmation and Review – Once your claim is submitted, it will be reviewed for accuracy and eligibility. You will receive a confirmation notice indicating your claim was successfully received.
- Final Approval – The court will hold a hearing on January 14, 2025 to grant final approval. If no objections arise, the approval process will be completed shortly after this date.
- Payment Distribution – Following court approval, payments will be processed and sent to eligible claimants. This phase is expected to begin in Spring or Summer 2025. Payment methods may include direct deposit or mailed checks, depending on the information provided during the claim submission process.
Ensuring Timely Payment: Tips for Claimants
To ensure you receive your payment without delays, follow these best practices:
- Submit your claim early to avoid last-minute issues.
- Double-check all information on your claim form for accuracy.
- Keep records of your confirmation notice and any supporting documents.
- Monitor updates on the settlement website to stay informed about the payment schedule.
Act Now to Secure Your Share
The Citibank class-action settlement provides an opportunity for affected individuals to receive compensation for unauthorized robocalls. By submitting your claim before the December 20, 2024 deadline and tracking the payment process, you can ensure you receive your share of the $29.5 million settlement.
Payments are expected to begin in Spring or Summer 2025, but early submission and careful monitoring can help you avoid any delays. Don’t miss this chance to claim your rightful compensation and hold corporations accountable for violating consumer privacy laws.