Victims with losses or other expenses can get up to $5,000
Mortgage lender LoanDepot is now paying victims to resolve one of the biggestdata breaches of 2024.
Claims, the result of a more than $86.6 million settlement, can be filed at LoanDepotBreachSettlement.com before the May 27 deadline.
Claimants can receive between $5.30 and $34.37, but those who paid out of pocket can get up to $5,000, including forcard cancellation or replacement fees, costs to place a freeze or alert on credit reports, costs to replace a drivers license, state identification cardor Social Security number, or losses incurred as a result of identity theft or fraud, ClassAction.org reports.
California residents can receive an extra$14.90 to$74.52 each.
The mortgage lender is also offering two years of financial credit monitoring and identity theft insurance.
LoanDepot suffered the second-biggest data breach of2024after the Social Security numbers, account numbers, addresses, dates of birth, emails, passwords andphone numbers of more than 16.9 million people was hacked in January, ConsumerAffairs previously reported.
The class-action lawsuit, filed in California,alleged that LoanDepot's poor cybersecurity was to blame for the breach.
LoanDepot promised to make improvements to its data management, identity protection, cloud security and threat detection as part of the deal.
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Posted: 2025-03-12 20:11:31
