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$31.5M Flagstar Bank data breach class action settlement

$31.5M Flagstar Bank data breach class action settlement

$25,000
Max Payout
Aug 11, 2026
Filing Deadline
Yes
Proof Required?
Flagstar Bank is paying $31.5 million to settle a class action lawsuit stemming from a 2021 data breach that exposed the personal information of thousands of customers. If you were a Flagstar Bank customer and received a notification that your data may have been compromised, you could be entitled to compensation from this settlement. The lawsuit alleged that Flagstar Bank failed to adequately protect sensitive customer data, leaving personal information — potentially including names, Social Security numbers, and financial details — vulnerable to unauthorized access. While Flagstar has not admitted wrongdoing, they agreed to the $31.5 million settlement to resolve the claims. This type of settlement exists to help everyday people who may have been put at risk by a company's data security failures. Even if you haven't experienced obvious harm like identity theft, you may still qualify for a payment simply because your information was exposed.
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Who Is Eligible?

You may be eligible to file a claim if you:

  • You were a Flagstar Bank customer whose personal information was affected by the 2021 data breach(es)
  • You received a data breach notification letter from Flagstar Bank related to the 2021 incident
  • Your personal information — such as your name, Social Security number, or financial account details — was compromised in the breach
  • You are a United States resident who had an account or relationship with Flagstar Bank at the time of the breach

How Much Can You Get?

The total settlement fund is $31.5 million, which will be distributed among eligible claimants. The exact amount each person receives will depend on the total number of valid claims filed — the more people who submit claims, the smaller each individual share may be. Claimants who experienced documented out-of-pocket losses related to the breach (such as costs from identity theft or fraud) may be eligible for higher compensation. Specific per-person payout amounts have not been publicly detailed at this time. However, data breach settlements of this size typically result in payouts ranging from a modest flat amount for all class members to several hundred dollars or more for those who can demonstrate actual harm. Keep an eye on updates as the settlement administration progresses.

How to File Your Claim

Filing your claim is quick and easy:

  • Confirm you are eligible — check if you received a data breach notification letter from Flagstar Bank regarding the 2021 breach
  • Gather any relevant documentation, such as your Flagstar Bank data breach notification letter, account information, or records of any losses you experienced as a result of the breach
  • Visit the official settlement website (check topclassactions.com for the most up-to-date claim form link) to submit your claim online
  • Complete the claim form accurately, providing your personal details and any supporting documentation requested
  • Submit your claim before the official deadline — check the settlement website for the current filing deadline
  • Download the Class Action Buddy app to track this claim, get deadline reminders, and discover other settlements you may qualify for

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Frequently Asked Questions

What is the deadline to file a claim for the $31.5M Flagstar Bank data breach class action settlement?

The current deadline to file a claim is Aug 11, 2026. Note: claims sent by mail must be postmarked by this date, and Class Action Buddy ships claim forms with a 7-day mailing buffer to ensure on-time delivery.

How much can I receive from the $31.5M Flagstar Bank data breach class action settlement?

The maximum payout per eligible claimant is up to $25,000. Actual payments may be lower depending on the total number of valid claims filed and the available settlement fund.

Do I need proof of purchase for the $31.5M Flagstar Bank data breach class action settlement?

Yes — this settlement requires proof of purchase. Acceptable proof typically includes receipts, credit card statements, photos of the product, or order confirmation emails. Check the official claim form for specifics.

How do I file a claim for the $31.5M Flagstar Bank data breach class action settlement?

You have two options: (1) Use the free Class Action Buddy mobile app — set up your profile once and the app auto-fills the PDF claim form, captures your signature, and submits the claim by mail on your behalf. (2) File directly with the settlement administrator using the official claim form linked on this page.

How do I know if I'm included in the Flagstar Bank data breach settlement?

The easiest way to know is if you received a data breach notification letter from Flagstar Bank about the 2021 breach. If you were a Flagstar Bank customer around that time and received such a letter, you are likely part of the class and may be eligible to file a claim.

Do I need proof to file a Flagstar Bank data breach settlement claim?

You will likely need to provide some form of documentation to support your claim, such as your data breach notification letter from Flagstar Bank. If you are claiming additional compensation for out-of-pocket losses, you may need receipts or other records. Make sure to check the official claim form for the specific documentation requirements.

What was the Flagstar Bank data breach and when did it happen?

The Flagstar Bank data breach occurred in 2021 and exposed the personal information of customers, potentially including names, Social Security numbers, and financial account details. The class action lawsuit alleged that Flagstar failed to properly protect customer data, leading to the $31.5 million settlement.

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