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Class Action Seeks $20 Million in Damages

DATA LOSS—U.S.

April 7, 2010

Sixteen named plaintiffs have filed a class action suit against Countrywide Financial, Countrywide Home Loans and Bank of America, which bought Countrywide, alleging Countrywide Financial employees stole and sold customers' personal financial information. Courthouse News Service reports that the class action suit, which seeks more than $20 million in damages, claims customers' privacy was invaded, exposing them to identity theft. "Countrywide delayed several months before informing their customers," the complaint states. "Finally, Countrywide informed only certain of their customers by letter and offered in settlement to refer the customers/borrowers to counseling, when it was Countrywide that needed to review and repair its internal procedures..."
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