LendingTree Sued Over Security Breach
Bank Lawyer’s Blog:
The security breach at LendingTree that allowed former employees to help other mortgage lenders gain access to mortgage application information, which we discussed last month, has given rise to what may become a class action lawsuit against LendingTree.
One month after suing three lending firms, LendingTree has now been
sued by a Bronx man who claims a security breach with the mortgage site
has harmed his credit score, led to higher credit card interest rates,
and resulted in him getting rejected for at least one loan.
The lawsuit against LendingTree, filed late last week in U.S. District
Court in Manhattan, seeks class action status. Filed on behalf of
Marvin Garcia, it alleges that LendingTree was negligent in failing to
keep customer personal information secure and failing to notify
customers of the security breach in a timely manner.
The breaches–which involved names and Social Security numbers among
other personal information–are believed…