Snap Finance’s $1.8 Million Data Breach Settlement Gets Early OK

Customers of Snap Finance LLC won preliminary approval for a $1.8 million class action settlement with the company, resolving allegations that the digital lender’s negligence allowed hackers access to sensitive data in federal Utah court.

• Members of the settlement class would receive up to $5,000 each for losses caused by the data breach and cash payments of up to $500 pro-rata. A subclass of California residents would be able to receive up to $200 for violations of the California Consumer Privacy Act.
• The settlement class covers any US resident who sent financial data to Snap in search of a loan ...