Settlement Information
A federal judge has given preliminary approval to a class action settlement in the case Angus et al. v. Flagstar Bank, N.A., Case No. 2:21-cv-10657-MFL-DRG, pending in the United States District Court, Eastern District of Michigan. The Settlement resolves claims relating to two data breaches that occurred at Flagstar Bank, N.A. (“Flagstar”) in January 2021 and December 2021 (the “Data Breaches”). The Data Breaches impacted the personal information of approximately 2,187,170 individuals in the United States, including approximately 364,000 California residents.
Flagstar denies these claims and says it did not do anything wrong. No court or other judicial entity has made any judgment or other determination that Flagstar has any liability for these claims or did anything wrong.
The proposed settlement requires Flagstar to establish a Settlement Fund of $31,500,000 for the benefit of Settlement Class Members. Settlement Class Members who submit a valid Claim Form may be eligible to receive one or more of the following benefits: (i) reimbursement for Documented Monetary Losses of up to $25,000; (ii) a Residual Cash Payment estimated at $60, but of up to $599; (iii) three years of three-bureau Credit Monitoring Services; and (iv) for California residents, a California Statutory Payment of up to $100.
Who Is a Settlement Class Member?
You are a Settlement Class Member if you are among the approximately 2,187,170 U.S. consumers identified by Flagstar whose personal information was impacted by the Data Breaches. The Settlement Class includes (i) a Nationwide Settlement Class, representing approximately 2,187,170 individuals impacted by the Data Breaches and (ii) a California Settlement Class, representing approximately 364,000 California Settlement Class Members.
Specifically excluded from the Settlement Class are:
- Flagstar, any entity in which Flagstar has a controlling interest, and of Flagstar’s officers, directors, legal representatives, Successors, Subsidiaries, and assigns;
- Any judge, justice, or judicial officer presiding over the Action and the members of their immediate families and judicial staff; and
- Any Settlement Class Member who timely and validly opts out of the Settlement Class.
Your Legal Rights and Options
Option and Deadline |
Your Legal Rights |
SUBMIT A CLAIM FORMby August 11, 2026 |
To be eligible to receive benefits from this Settlement, you must submit a Claim Form no later than August 11, 2026. For more information, see Questions 10-13. |
EXCLUDE YOURSELF by opting out of THE SETTLEMENTby June 29, 2026 |
You can choose to opt out of the Settlement and receive no benefits. This is the only option that allows you to keep your right to bring any other lawsuit against Defendant for the same claims if you are a Class Member. For more information, see Questions 15-17. |
OBJECT TO THE SETTLEMENT and/or attend the final approval hearingby June 29, 2026 |
If you do not opt out of the Settlement, you may object to it by writing to the Court about why you agree or disagree with the settlement. The Court cannot order a different settlement. You can also ask to speak to the Court at the Final Approval Hearing on October 1, 2026 about the fairness of the Settlement, with or without your own attorney. For more information, see Questions 18-19. |
DO NOTHINGNo Deadline |
You are automatically part of the Settlement (unless you opt out). If you do nothing, you will not get benefits from this Settlement, and you will give up the right to sue, continue to sue, or be part of another lawsuit against Flagstar related to the legal claims resolved by this Settlement. For more information, see Question 25. |