LendingTree Will Pay $875,000 to Settle Data Breach Class Action

LendingTree LLC will pay $875,000 to settle claims it failed to protect the personal information of 200,000 people that was exposed in a February 2022 data breach, under a deal given initial approval by a federal court.

Christopher Lamie and Amabel Lin alleged that LendingTree failed to implement basic data-security practices and failed to abide by industry standards related to the protection of sensitive information.

Class members will be eligible for up to $10,000 in reimbursement for documented economic losses arising from the breach, up to $250 in payments for lost time calculated at a rate of $25 per hour, ...