$25M loanDepot data breach class action settlement
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Proof Required?
Mortgage lender loanDepot has agreed to pay $25 million to settle a class action lawsuit over a 2024 data breach that compromised the personal information of 16.9 million customers. The settlement resolves claims that loanDepot failed to implement adequate security measures to protect customer data from cybercriminals.
If you were a loanDepot customer whose information was compromised in this data breach, you may be entitled to compensation from this settlement. The breach exposed sensitive personal and financial information, and affected customers may be eligible for cash payments and other benefits.
Who Is Eligible?
You may be eligible to file a claim if you:
- You were a loanDepot customer whose personal information was compromised in the 2024 data breach
- You received notification from loanDepot about the data breach affecting your account
- Your information was among the 16.9 million customer records that were accessed by unauthorized parties
- You may have experienced identity theft, financial losses, or other damages as a result of the breach
How Much Can You Get?
The total settlement amount is $25 million, though specific individual payout amounts have not yet been announced. Settlement funds will typically be distributed among eligible class members, with payments potentially varying based on factors such as the type of information compromised and any documented damages suffered as a result of the breach.
Final payout details will be determined as the settlement process moves forward and claim forms become available.
How to File Your Claim
Filing your claim is quick and easy:
- Wait for the official settlement website to be established and claim forms to become available
- Gather any documentation related to the loanDepot data breach, including breach notification letters or emails
- Complete and submit the required claim form by the court-imposed deadline
- Provide any requested proof of damages or losses related to the breach
- Download Class Action Buddy to stay updated on this settlement and easily file your claim when forms become available
Frequently Asked Questions
What information was compromised in the loanDepot data breach?
Details about the specific types of information compromised in the 2024 loanDepot data breach are still pending. The breach affected 16.9 million customers and likely involved personal and financial information typically held by mortgage lenders.
When did the loanDepot data breach happen?
The loanDepot data breach occurred in 2024. If you were affected, you should have received notification from the company about the security incident and the compromise of your personal information.
How much money can I get from the loanDepot settlement?
Individual payout amounts from the $25 million settlement have not been announced yet. The final compensation amounts will depend on factors like the number of valid claims filed and the extent of damages experienced by each class member.
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