Lakeview Loan Servicing Data Breach Settlement (2026)

Status: Live (claims open)

Summary & Commentary

A $26 million class action settlement has been established to resolve claims arising from an October 11, 2021 data breach affecting Lakeview Loan Servicing, Bayview Asset Management, Pingora Loan Servicing, and Community Loan Servicing. The settlement provides compensation for documented out-of-pocket losses, a pro rata cash payment (with California residents receiving double shares), and one year of credit monitoring. The settlement has received preliminary approval, and a Final Fairness Hearing is scheduled for July 2, 2026. Claims must be submitted by June 22, 2026. The settlement is administered by Kroll Settlement Administration LLC via the official microsite.

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TL;DR

• Who: U.S. residents who received a breach notice from Lakeview or affiliated entities

• When: Data breach occurred October 11, 2021

• Benefit: Up to $5,000 for documented losses; pro rata cash payment (2× for California residents); one year of credit monitoring

• Deadline: June 22, 2026

• Proof required: Yes for out-of-pocket losses; No for pro rata cash or credit monitoring

• Administrator: Kroll Settlement Administration LLC

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Who Is Included

Individuals residing in the United States who received a notice from Bayview Asset Management, Lakeview Loan Servicing, Pingora Loan Servicing, or Community Loan Servicing indicating that their personal information may have been compromised in the October 11, 2021 data breach.

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What You Could Receive

• Out-of-pocket loss reimbursement: Up to $5,000 per person for documented expenses such as identity theft, credit freeze/unfreeze fees, notary, postage, mileage, or credit monitoring costs incurred between October 11, 2021 and March 23, 2026. These claims are subject to pro rata reduction if total claims exceed $5 million.

• Pro rata cash payment: A share of the remaining settlement fund after administrative costs, attorneys’ fees, and out-of-pocket payments. California residents receive two shares. No documentation required.

• Credit monitoring: One year of CyEx Financial Shield Total, available to all eligible class members without documentation.

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Key Dates

• Claim submission deadline: June 22, 2026 (online or postmarked by mail)

• Opt-out (exclusion) deadline: June 11, 2026

• Objection deadline: June 11, 2026

• Final Fairness Hearing: July 2, 2026 at 10:00 a.m. ET

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What You Need To Do

Submit your claim online via the official settlement website’s “Submit Claim” portal at the link below, or download and mail the paper Claim Form so it is postmarked by June 22, 2026.

If opting out or objecting, follow instructions on the official site and ensure your request is postmarked by June 11, 2026.

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What This Case Is About

A cybersecurity incident on October 11, 2021 potentially exposed personal information of approximately 5.8 million individuals. Plaintiffs allege the defendants failed to adequately protect this data. The defendants deny wrongdoing but agreed to settle to avoid litigation. The settlement provides compensation and monitoring to affected individuals under court supervision.

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Administrator

Kroll Settlement Administration LLC

Contact: Toll-free (833) 754‑5757

Mailing address:
Lakeview Data Breach Settlement
c/o Kroll Settlement Administration LLC
P.O. Box 5324
New York, NY 10150‑5324

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Important Documents

• Settlement Agreement (available in “Documents” section of the official site)

• Long Form Notice and Claim Form (downloadable from the site)

• Preliminary Approval Order (court document)(

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Note: All information is based on official settlement materials and court documents. No assumptions or estimates have been made beyond what is explicitly stated in those sources.