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Flagstar Bank's $31.5M settlement opens claims up to $25,000 for breach victims

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Flagstar Bank has reached a $31.5 million class action settlement over two cyberattacks that occurred in 2021. The breaches compromised the personal data of over 2.1 million customers. Affected individuals may be eligible for payouts ranging from approximately $60 to $25,000, depending on the nature of their claims. To receive compensation, eligible customers must submit the required claim forms by August 11, 2026.

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