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Defense and Compliance Attorneys
NCB Management Services Inc. has agreed to a $2.625 million settlement to resolve a lawsuit alleging negligence in protecting the personal information of over 1.6 million Bank of America customers in a 2023 data breach. Settlement class members can potentially be reimbursed for out-of-pocket losses, up to $2,500, or receive a cash payment. NCB, a debt collector, is also required to implement improved data security measures.
Key aspects of the settlement:
- Settlement Amount: $2.625 million.
- Affected Customers: Over 1.6 million Bank of America customers.
- Lawsuit Allegations: Negligence in failing to protect customer data during a 2023 data breach.
- Potential Relief for Class Members: Reimbursement for out-of-pocket losses (up to $2,500) or a cash payment from the settlement fund.
- NCB’s Obligations: Implement significant changes to enhance data security.
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