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Purpose Financial
Purpose Financial settled a $7.75 million class action for a 2023 data breach affecting consumer information.
ClosedUnited States-wideClaim status: Closed on February 2, 2026Payout: Up to $5,000 in out-of-pocket expenses, plus cash payments of about $50, with an additional $50 for California residentsNo longer claimable
About this settlement
Compensation for consumers whose personal information was compromised in a data breach involving Purpose Financial.
This settlement resolves claims that Purpose Financial failed to protect consumer data in a February 2023 breach, offering reimbursement for related expenses and cash payments to affected individuals.
Who qualifies
- Consumers who received a data breach notification from Purpose Financial.
- Individuals whose names and Social Security numbers appeared in the impacted files.
- Those who incurred out-of-pocket expenses due to the breach.
Up to $5,000 in out-of-pocket expenses, plus cash payments of about $50, with an additional $50 for California residents
Claim status: Closed on February 2, 2026