Flagstar Bank Data Breach Settlement 2026 — $31.5M Fund, ~$60 Cash + Up to $25,000

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Flagstar Bank has agreed to pay $31.5 million to settle a class action lawsuit over two major data breaches that occurred in 2021. The breaches, which happened in January 2021 and December 2021, potentially exposed customers' personal and financial information. If you were a Flagstar Bank customer during either of these incidents, you may be eligible for cash payments, free credit monitoring, and reimbursement for documented losses. The settlement provides multiple ways to receive compensation, with different amounts available depending on your situation and location.

Who Is Eligible?

You may be eligible to file a claim if you:

You were a Flagstar Bank customer whose personal information was involved in the January 2021 data breach
You were a Flagstar Bank customer whose personal information was involved in the December 2021 data breach
You received notification from Flagstar Bank about either breach incident
California residents may be eligible for additional CCPA payments up to $100

How Much Can You Get?

The settlement offers several types of compensation. All eligible class members can receive approximately $60 in cash payments (with amounts potentially ranging up to $599) without needing to provide additional documentation. For those who suffered documented financial losses due to the breaches, reimbursements of up to $25,000 are available. Additionally, all settlement class members are entitled to three years of free credit monitoring services from all three major credit bureaus. California residents may also be eligible for additional payments of up to $100 under the California Consumer Privacy Act (CCPA).

How to File Your Claim

Filing your claim is quick and easy:

Gather any documentation of the data breach notification you received from Flagstar Bank
Collect records of any financial losses or expenses related to the breach (if claiming documented losses)
Prepare proof of your California residency (if applying for CCPA payments)
Submit your claim before the August 11, 2026 deadline
Download the Class Action Buddy app to easily file your claim and track your settlement status

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Frequently Asked Questions

How much can I get from the Flagstar Bank data breach settlement?

You can receive approximately $60 in cash without documentation, up to $25,000 for documented losses, free credit monitoring for 3 years, and up to $100 CCPA payment if you're a California resident.

When is the Flagstar Bank settlement claim deadline?

The deadline to file your claim is August 11, 2026. Make sure to submit all required documentation before this date.

What data breaches does this Flagstar Bank settlement cover?

This settlement covers two Flagstar Bank data breaches that occurred in January 2021 and December 2021. If you were a customer during either incident, you may be eligible.

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