Request Legal Help Now - Free
LAWSUITS NEWS & LEGAL INFORMATION

Settlement Approved in Countrywide Identity Theft Suit

. By
Louisville, KYA settlement in a suit concerning identity theft between Countrywide Financial Corp. and 17 million of its customers received final approval from a federal judge.

The 17 million people included anyone who obtained a mortgage from Countrywide or had the company service a mortgage before July 1, 2008, according to the Associated Press. Countrywide, which is now owned by Bank of America, has agreed to provide free credit monitoring to all those whose financial information was left vulnerable because of a security breach.

US District Judge Thomas B. Russell had presided over a number of lawsuits against Countrywide stemming from the breach and eventually granted them class-action status. According to the news source, Russell said in his decision that the settlement gives immediate relief to identity theft victims.

"This settlement provides safeguards that would not otherwise be available to millions of people, at a time when such measures are needed most," Russell wrote.

AP reports that about 3,000 people opted out of or objected to the settlement because they felt that the credit monitoring was not enough to make up for the identity thefts.

READ ABOUT IDENTITY THEFT LAWSUITS

Identity Theft Legal Help

If you or a loved one have suffered losses in this case, please click the link below and your complaint will be sent to a financial lawyer who may evaluate your Identity Theft claim at no cost or obligation.

READER COMMENTS

Posted by

on
DID YOU KNOW THAT IRWING UNION BANK BECAME COUNTRYWIDE HOME LOANS? AND THAT THEY BELONG TO BANK OF AMERICA.....AND THAT BANK OF AMERICA WAS GIVING LOANS ON YOUR PROPERTY? IT HAPPENNED TO ME.

Posted by

on
Hi I received letter that my id was compromised and it has been a nightmare ever since .i have had to closeover50 credit cards some from same bank. I even talked to social security and she said thdt that often does not stop it . I feel like I am a criminal by having to prove that I did not make charges on my remaining accounts. Whst a nightmare it has been . I can't have a bank Visa card and have not hsd ibe in over a year, just last month my checking acct was overdrawn by over 1509
When will it stop

Posted by

on
I was a victim also I tried to refiance my house in Ashland Wi before moving to Rice Lake WI and recieved a letter that all of my information was sold and that the employee was no longer working for them and that I will get a free cedit report for two years. I have been dealing with identity theft ever since and now I filed my taxes this year and my sosial sec. # was stolen it is a battle ever day and someone needs to pay. I'm to the point where I can not even answer my phone and I changed my phone number 3 times

Posted by

on
I just found the letter sent to me by country wide in 2008, my wife Maria Castillo was hiding the letter please tell me if she received the money, or some one else, or if still there to claim it .

Posted by

on
I just found the letter sent to me by country wide in 2008, my wife Maria Castillo was hiding the letter please tell me if she received the money, or some one else, or if still there to claim it .

Posted by

on
Countrywide Dada Settlement Case No. 3:08-MD-01998-TBR JANUARY 20,2009 Document 7-2
Please tell me when will I receive the money .

ADD YOUR COMMENT ON THIS STORY

Fields marked * are mandatory. Please read our comment guidelines before posting.

*Name:

Note: Your name will be published with your comment.

*Email Address:

Your email will only be used if a response is needed.
*Your Comment:

Are you the defendant or a subject matter expert on this topic with an opposing viewpoint? We'd love to hear your comments here as well, or if you'd like to contact us for an interview please submit your details here.


Click to learn more about LawyersandSettlements.com
Request Legal Help Now! - Free