Loandepot's pending data breach settlement weighs on Q2 loss

Aug 7, 2024 · That payment, and other non-operating expenses contributed to Loandepot's $65.9 million net loss in the second quarter. That loss was a 7% quarterly improvement from $71.5 …

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Loandepot's Pending Data Breach Settlement Weighs On Q2 Loss

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Aug 7, 2024 · That payment, and other non-operating expenses contributed to Loandepot's $65.9 million net loss in the second quarter. That loss was a 7% quarterly improvement from $71.5 …

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LoanDepot Reports Net Loss As Cyber-related Settlement Hit Q2 …

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Aug 9, 2024 · Dive Brief: LoanDepot reported a net loss of $65.9 million during the second quarter, as its financial results were weighed down by the continuing impacts of a January …

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Loandepot Explains $25 Million Settlement Over Data Breach

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Dec 26, 2024 · A pending agreement between Loandepot and class action plaintiffs to resolve data breach claims is more nuanced than its $25 million settlement fund. A resolution for …

nationalmortgagenews.com

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Inside Loandepot’s Plan To Settle Information Breach Claims

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Dec 26, 2024 · A pending settlement between Loandepot and sophistication motion plaintiffs to resolve information breach claims is extra nuanced than its $25 million settlement fund. A …

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LoanDepot Agrees To $25M Data Breach Settlement

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Dec 18, 2024 · If you received a notice from loanDepot regarding a data breach that occurred between January 3-5, 2024, you may be eligible to claim between $5.30 and $70.71 from a …

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LoanDepot Boosts Revenue, Sells Servicing To Restructure Debt

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Aug 6, 2024 · Pending $25M settlement of January cyberattack adds to $66M Q2 net loss, but executives say they're in a better position to grow after selling $29B in mortgage servicing rights

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FAQs about Loandepot's pending data breach settlement weighs on Q2 loss Coupon?

Did LoanDepot fail to prevent a data breach?

Mortgage lender LoanDepot Inc. is facing a class action lawsuit alleging its “willful failure” to prevent a data breach enabled unauthorized third parties to access more than 16 million consumers’ sensitive personal information. LoanDepot reported the data breach Jan. 8 in a form 8-K filing with the U.S. Securities and Exchange Commission. ...

Is LoanDepot facing a class action lawsuit over a data breach?

Rosa v. LoanDepot, Inc. LoanDepot faces a proposed class action lawsuit over a January 2024 data breach that reportedly impacted roughly 16.6 million people. New to ClassAction.org? Read our Newswire Disclaimer LoanDepot faces a proposed class action lawsuit over a January 2024 data breach that reportedly impacted roughly 16.6 million people. ...

What if my information was exposed in a LoanDepot breach?

loanDepot said in a January 22 press release that it would be notifying individuals who had their information exposed. If your information was exposed in the breach, attorneys want to hear from you. ...

What happens if LoanDepot breaches your PII?

As a result of the LoanDepot data breach, he says he will be at substantial risk of identity theft and fraud. Rosa says he paid a premium to LoanDepot for its data security and claims he would not have used LoanDepot had he known the company would expose his sensitive PII. ...

Was LoanDepot a ransomware attack?

On January 8, 2024, loanDepot disclosed the cyber incident on its website and took specific systems offline during the event, later confirming it to be a ransomware attack that led to data encryption. An investigation found that the breach involved an unauthorized third party accessing the data of approximately 16.6 million individuals. ...

Did LoanDepot have a 'cyber incident'?

The 34-page loanDepot data breach lawsuit says that the mortgage and lending products seller announced on its website on January 8 that it was experiencing a “cyber incident” and working to “restore normal business operations as quickly as possible.” ...