Home > Fines, PII > Countrywide Financials Data Loss leads to $20m class action suite…

Countrywide Financials Data Loss leads to $20m class action suite…

Following on from the Countrywide Financial data breach back in 2008, they now find themselves saddled with a class action lawsuit for $20,000,000.

Countrywide Financials problems all started when employee Rene Rebollo confessed to downloading 20,000 data files per week and selling them to Wahid Siddiqi for as much as $70,000 (a total of 2.2 million people’s information was compromised), this leading to Bank Of America (their new owners) paying $350,000 to Connecticut to settle claims.

The terms of the class action can be found on http:\\www.cwdataclaims.com, but they include up to $50,000 reimbursement per incident of identity theft from a fund of $5,000,000, free credit monitoring, $90 for opening a new account, $20 per month, up to $200 for credit monitoring, $10 per hour for telephone calls etc, and many other miscellaneous things.

  1. isaac kelly
    April 24, 2010 at 17:20

    I ha an account with CountryWide HOME mortgage group for a number of years(14 years or more)

  2. Rev. Joe F. Davis
    April 27, 2010 at 18:02

    My name is Rev. Joe F. Davis and I have bee doing business with Countrywide for the last 18 years living in the same factorbuilt home that I live in now, I tried to get Countrywide to refinace my home but theysaid they could not because it is a factorbuilt,Why is it they can refinance now? it is your bank.
    I live at 329 Deller st Lawrenceburgt,Tn. 38464

    April 28, 2010 at 10:12

    I Have had an account with CountryWide sunce 2004. I recived a letter from CointryWide, that all of my personal iformation had been stolen and sold. I ended up havin to close some CD’s and just get what little money I had in the bank and run.It is very scarry indeed that you don’t know how many other people have access to this informatin and used it.
    I know it was used by a Christopher Love in Nashville TN. I had to open new banking account, new checks had just beened ordered at a cost of $176.00, they had to be destroyed and new ones had to be ordered. Betty Aguirre,

  4. David
    April 29, 2010 at 13:32

    Simon, One needs a lawyer to determine the right course of action. Most cannot afford such a luxury. I don’t take the word of a website like the CW as gospel but what can one do. Life is like a crap sandwich; the more bread you have, the less crap you have to eat. Nice website btw.

  5. Tim Jones
    May 4, 2010 at 01:11

    I just got one of these notices. I haven’t incurred any costs related to identity theft, but that doesn’t mean that the damage won’t show up in another year or two. It seems to me that the benefit of being in the class (2 short years’ worth of credit monitoring, plus actual costs, which are $0 right now) and not being able to pursue CW for anything further is letting them off quite easily, especially when you consider that the real damage may well be AFTER the deadline for reimbursement.

    I could easily imagine that CW is aware of a much bigger shoe that will drop, and that this ‘settlement’ is to simply to get most of the victims to prematurely waive their rights now for a pittance, as opposed to pursue bigger legitimate damages later.

    Am I justified in my suspicion, or have I just become way too cynical?

  6. May 7, 2010 at 09:00

    I am a victim of I.D. theft by country wide .they send me a letter that one of their employee sold my datas.

  7. Kim Clark
    June 1, 2010 at 18:05

    I had wondered if this was a scam when I got the card. Has anyone done this and found it to be alright.

  8. March 18, 2011 at 20:43

    This is been going on too long and I know the appealsuo process is and the judge has. Made his final ruling I expect to receive within the next couple. Of days the check has been issued or I am hiring an Atty willing to wait no longer. My phone number is 251 209 7391 Lady Rene Baker

    • Simon Hunt
      March 21, 2011 at 12:56

      did you incur any actual losses? Was your identity actually stolen?

  9. Candice Mills
    March 21, 2011 at 11:59

    I never received any response after I sent in my claim form. What is the status of any recovery to people this affected?

  10. July 6, 2011 at 20:04

    My name is Edwin John, have been paying my mortgage installment since July 2006, and did notice some irregularities in the payments bu can’t specify. I will be happy to hear some good news of some compensation, having paid such a high rate of interest.

  11. richard Pollar
    January 2, 2012 at 12:58

    I received a mortgage in 2006 after the Katrina ( hurricane) I didn’t have a place to live I had loss everything in the hurricane, country wide gave me interest rate of 10% and told me after 6 month in to the mortgage we will re do your mortgage for a lower rate this is 2012 I am still at the rate of 10% on my mortgage I am 65 year old and cannot continue to paid this high rate Bank of American refuse to help me, after being lie to by country wide they will not held me to lower this high rates. Please help me.

    • Simon Hunt
      January 18, 2012 at 13:39

      While I sympathize with your situation, Im not sure this is the right place to complain about high mortgage rates. If you have documentation saying you can refinance, I guess just take that to your bank?

      10% seems high to me, I think rates are around 4% at the moment, so why not simply refinance your loan anyway?

    • Simon Hunt
      January 18, 2012 at 13:40

      Why didn’t your insurance company pay out when you lost your house?

  12. January 17, 2013 at 02:15

    my mother had identity theft due to the Countrywide Financial data breach back in 2008 but didn’t know what action to take during this time and had little to no help with the situation. is it too late for her too take action on this claim or how can she can get back what she lost, any information will be appreciated, thank you.

  1. May 9, 2010 at 05:57

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