Third servicer entangled in massive data breach litigation
Andrew Martinez reports:
The legal fallout from a massive data breach impacting over 4 million borrowers’ personally identifiable information just got bigger.
A federal judge Monday ordered a class action lawsuit against Community Loan Servicing be folded into a larger, similar suit against two of its sister companies, according to court records. The consolidated complaints from borrowers in the U.S. District Court for the Southern District of Florida accuse the three servicers of negligence in failing to protect their PII, including Social Security numbers.
The combined lawsuit against Community, Lakeview Loan Servicing and Pingora Loan Servicing now involves 23 plaintiffs. These three firms are subsidiaries of Bayview Asset Management Coral Gables, Florida.
Read more at National Mortgage News.