Flagstar Bank Data Breach Settlement

Yes — the Flagstar Bank Data Breach settlement is a real claims process that SettleSignal tracks from its official source. It is administered by Flagstar Settlement Administrator under case 2:21-cv-10657-MFL-DRG in United States District Court for the Eastern District of Michigan. File only through the official settlement website (www.flagstarsettlement.com); a genuine settlement administrator never charges a fee to file. SettleSignal last checked this record against the official source on June 15, 2026. Always confirm the current details on the official site before filing.

U.S. residents whose personally identifying information was impacted by either or both of the two 2021 Flagstar Bank data breaches.

Up to a $31,500,000 payment cap. Benefits: reimbursement for documented monetary losses, a residual cash payment, a California statutory payment, and credit monitoring — subject to pro rata reduction if claims exceed the cap. The exact amount you may receive is decided by the settlement administrator based on your valid claim and is not guaranteed; a total settlement-fund figure is shared among all eligible claimants, not paid to each person.

The claim deadline is August 11, 2026. Confirm the current deadline on the official settlement source before filing.

Proof requirement: Optional. The settlement administrator determines what documentation, if any, is required.

Current payment status: Payment pending. Payments are issued by the administrator after the court process concludes.

Current payment status: Payment pending. Class-action payouts typically begin only after final approval and any appeals. See our payout timeline guide.

The official claim form is hosted by the settlement administrator, Flagstar Settlement Administrator. Use the 'Open official claim form' button on this page — never pay a fee to file.

Flagstar identified roughly 2,187,170 people whose info was exposed. If you received a notice by email or postcard with a Settlement Claim ID, you're in. If you're not sure, you can check at flagstarsettlement.com or call 1-855-542-0397.

It's estimated at around $60, but it can go up to $599. The final amount depends on how many valid claims get filed. The more people who file, the smaller each share — but the parties say they don't expect a big reduction.

No extra documentation is needed for the residual cash payment or the credit monitoring. Just check the box on the claim form. You only need receipts and records if you're also claiming reimbursement for actual out-of-pocket losses.

Things like unreimbursed fraud charges, identity theft repair costs, credit freeze fees, credit monitoring you paid for, attorney or accountant fees related to the breach, and out-of-pocket expenses like postage or notary fees. You need third-party documentation (not just a note you wrote yourself), and you can claim up to $25,000.

You won't receive any cash or credit monitoring. You'll still be bound by the settlement and give up your right to sue Flagstar over these breaches separately, unless you officially opt out by June 29, 2026.