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Billion-Dollar Bank To Hand Out up to $25,000 per Customer in Settlement Over Data Breach That Impacted 2,187,170 Americans

Summary by The Daily Hodl
A top US bank is preparing to handout up to $25,000 per victim of two data breaches to settle a class-action lawsuit. Flagstar Bank, N.A., has agreed to a proposed $31.5 million settlement to compensate the 2.18 million Americans whose personal information was comprised in data breaches that occurred more than four years ago. Flagstar says that in January 2021 hackers infiltrated a file sharing platform that is used by the bank and accessed the …
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The Daily Hodl broke the news on Monday, May 25, 2026.
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