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NJ Lenders Corp has agreed to an up to $100,000 class action settlement to resolve claims stemming from an August 2025 cyberattack that exposed the names and Social Security numbers of roughly 30,000 individuals.
NJ Lenders Corp has agreed to an up to $100,000 class action settlement following an August 2025 cyberattack that exposed sensitive personal data belonging to roughly 30,000 individuals. If you received a data breach notification notice from the mortgage banker, you may be eligible to claim up to $2,500 for out-of-pocket losses or receive a $40 flat cash payout by October 1, 2026.
In August 2025, Little Falls, New Jersey-based mortgage banker NJ Lenders Corp suffered a targeted cyberattack that compromised private files stored on its internal computer networks. Cybercriminals gained unauthorized access to sensitive consumer records, putting thousands of borrowers and clients at immediate risk of identity theft, financial fraud, and unauthorized account access.
Following the security incident, affected individuals filed a class action lawsuit, Castenie et al. v. NJ Lenders Corp, in New Jersey state court. The lawsuit alleged that NJ Lenders Corp failed to implement reasonable cybersecurity safeguards, properly train personnel, or maintain adequate network protocols to protect consumers’ sensitive financial data. Plaintiffs claimed that the company’s inadequate security measures allowed unauthorized third parties to breach its defenses and access non-public personal information.
While NJ Lenders Corp denies any wrongdoing or liability, the company has agreed to establish an up to $100,000 settlement fund to resolve the litigation and provide direct relief to affected individuals. The settlement received preliminary court approval on June 18, 2026, opening the door for eligible consumers to submit claims for financial recovery.
Court documents reveal that the August 2025 cyberattack exposed the personal data of approximately 30,000 individuals. The compromised information includes highly sensitive details that consumers provided when applying for mortgages or financial services, including:
Full names and contact information
Other non-public personally identifiable information (PII)
When cybercriminals acquire a combination of a person’s name and Social Security number, the risk of harm is significant and long-lasting. Bad actors can use these stolen credentials to open fraudulent bank accounts, apply for unauthorized loans, file fake tax returns, or sell complete profile packages on dark web marketplaces.
Everyday people whose information was exposed in the NJ Lenders Corp data breach have had to spend valuable time and money monitoring their credit reports, freezing financial accounts, and protecting themselves against potential identity theft. The settlement is designed to compensate consumers for these burdens and provide tools to protect their financial well-being going forward.
The $100,000 settlement agreement offers two primary compensation options for affected class members, depending on whether they suffered documented financial losses resulting from the cyberattack.
If you experienced financial harm or incurred expenses due to the data breach, you can submit a claim for documented out-of-pocket loss reimbursement up to $2,500. Eligible expenses must have been incurred between August 18, 2025, and October 1, 2026, and may include:
Unreimbursed costs associated with identity theft or fraud
Fees paid for credit reports, credit monitoring, or credit freezes
Costs for replacing government-issued identification cards or legal documents
Professional fees and miscellaneous expenses related to resolving fraud
To receive documented loss reimbursement, you must submit supporting documentation, such as receipts, bank statements, or invoices.
Alternatively, if you did not suffer out-of-pocket losses or prefer not to submit paperwork, you can opt for a flat $40 cash payment with no proof required.
Please note that both payment options are subject to a pro-rata adjustment. If the total value of all valid claims submitted by class members exceeds the $100,000 settlement cap, individual payouts will be reduced proportionally.
In addition to cash compensation, all eligible settlement class members are entitled to receive one year of free credit monitoring and identity protection services through CyEx Financial Shield Complete.
This comprehensive identity protection service includes:
Real-time financial fraud monitoring and alerts
Continuous dark web scanning for compromised credentials
Monitoring for unauthorized financial transactions and account openings
Financial fraud insurance coverage to protect against future identity theft losses
Unique CyEx enrollment codes have already been issued to class members as part of the settlement notice. Instructions on how to activate your free year of CyEx Financial Shield Complete will be provided once the court grants final approval to the settlement agreement.
Taking advantage of credit monitoring services is one of the most effective steps you can take to safeguard your identity after a data breach. It ensures you receive immediate alerts if someone attempts to misuse your Social Security number or open unauthorized accounts in your name.
When you apply for a mortgage or home financing, you are required to share some of your most sensitive personal and financial details. Mortgage bankers like NJ Lenders Corp collect income statements, tax forms, credit histories, and Social Security numbers to process loan applications. In exchange, consumers trust these financial institutions to maintain strict data security practices.
Under federal guidelines and state data privacy laws, financial institutions have a legal obligation to implement reasonable administrative, technical, and physical safeguards to protect non-public personal information. When companies fail to update their security protocols, ignore known cybersecurity risks, or store unencrypted data, they leave everyday people vulnerable to devastating cyber threats.
Data breach class action lawsuits play a vital role in encouraging corporations to invest in stronger security infrastructure. By holding companies accountable when breaches occur, consumers send a clear message that sensitive personal data must be protected with the highest level of care.
You may be eligible to participate in the NJ Lenders Corp settlement if you satisfy the following criteria:
You are a resident of the United States.
You received a direct notice via mail or email informing you that your personal information was potentially compromised in the August 2025 NJ Lenders Corp cyberattack.
The settlement class includes approximately 30,000 individuals whose names and Social Security numbers were identified as exposed during the security incident. If you received a settlement notice containing a unique Login ID and PIN, you are automatically recognized as a class member and are eligible to file a claim.
If you believe your information was involved in the breach but did not receive a notice, you can visit the official court-approved settlement website at NJLendersDataSettlement.com to check your status or contact the settlement administrator.
Filing a claim for the NJ Lenders Corp settlement is quick and straightforward. Eligible class members can submit their claim forms online or by mail before the strict deadline.
Follow these simple steps to file your claim:
Visit the Official Settlement Website: Go to NJLendersDataSettlement.com to access the online claim portal.
Enter Your Login Credentials: Input the unique Login ID and PIN located on the settlement notice you received by mail or email.
Select Your Settlement Benefit: Choose between receiving up to $2,500 in documented out-of-pocket loss reimbursement or the $40 flat cash payment without proof.
Attach Documentation (If Applicable): If claiming documented losses, upload copies of receipts, bank statements, or account notices showing your expenses.
Submit Before the Deadline: Complete and submit your online claim form no later than October 1, 2026. If submitting a paper PDF claim form by mail, it must be postmarked by October 1, 2026.
The court has scheduled a final approval hearing for October 16, 2026. If the judge grants final approval and no appeals are filed, compensation payments and credit monitoring activation instructions will be distributed to eligible class members shortly thereafter.
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