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Purpose Financial Data Breach Settlement

$50–$5,000

Last verified July 13, 2026Source: claimdepotHow ClaimWatch verifies cases

This settlement is closed to new claims — the deadline was February 2, 2026. You can still see what it was about and follow the case in court below. Looking for money you can still claim? Browse open settlements →

What happened

An unauthorized third party gained access to Purpose Financial's corporate network in February 2023, potentially exposing names and Social Security numbers of certain consumers. Purpose Financial denies wrongdoing and liability but agreed to settle the lawsuit.

Do you qualify?

Anyone who received a notice letter about the February 2023 data incident and whose name and Social Security number appear in Purpose Financial's impacted files.

What you can claim

Read from the official settlement notice. Confirm the terms that apply to you on the administrator's site before filing.

  • Pro Rata Cash Payment

    $50 each

    A cash payment of approximately $50 to Settlement Class Members who submit a completed Claim Form with basic identifying information. This benefit may be stacked with Out-of-Pocket Losses and California Resident Cash Payment claims.

Who is in the class

all natural persons residing in the United States whose Private Information was accessed or acquired, or potentially accessed or acquired as a result of the Data Incident reported by Purpose Financial in August 2023

Quoted from the settlement notice.

How to file

Submit a claim form online or by mail postmarked on or before February 2, 2026. For out-of-pocket loss reimbursement (up to $5,000), you must provide supporting documentation of the losses or expenses. All eligible class members receive an approximate $50 pro rata cash payment, and California residents receive an additional approximate $50 payment.

Common questions

How much does the Purpose Financial Data Breach Settlement pay?
Estimated payout: $50–$5,000. The total settlement fund is $7.8M. Actual amounts depend on how many valid claims are filed — most settlements divide a fixed fund pro rata, so a higher claim rate means a smaller individual check. An "up to" figure is a cap, not a guarantee.
What is the claim deadline for the Purpose Financial Data Breach Settlement?
This settlement is closed to new claims — the deadline was February 2, 2026. Once a claim deadline passes you generally forfeit your share, even if you qualified.
Do I need proof of purchase for the Purpose Financial Data Breach Settlement?
Yes. This settlement asks for documentation supporting your claim — a receipt, an account record, or the notice you were sent. Check the official settlement website for exactly which documents are accepted.
Is the Purpose Financial Data Breach Settlement notice real, or a scam?
Simpluris is the settlement administrator for this case. Claims are filed at purposefinancialsettlement.com. Filing a class action claim is always free — no legitimate settlement charges you to claim, and no administrator will ask for payment, a gift card, or your full Social Security number by email or text. If a notice asks for any of those, it is not from the administrator. When in doubt, ignore the link you were sent and go to the official settlement website directly.
When will payments from the Purpose Financial Data Breach Settlement be sent?
Class action payouts typically take 12 to 24 months after the claim deadline, and longer if the settlement is appealed. The final approval hearing for this case is set for March 17, 2026; no payments can be issued before a settlement receives final approval.

Who's involved

Plaintiffs

  • Steven Smith
  • Kevin Ferguson
  • Juan Sanchez
  • Kevin Burns
  • Deanna ONeal
  • Tamara Knutilla
  • Dana Jones
  • Stacy Lowe

+ 22 more

Defendants

  • ACSO of Michigan Inc
  • Advance America Cash Advance Centers of Indiana, Inc.
  • Advance America Cash Advance Centers of Kentucky, Inc.
  • Advance America Cash Advance Centers of Michigan, Inc.
  • Advance America Cash Advance Centers of Nevada, Inc.
  • Advance America Cash Advance Centers of Ohio, Inc.
  • Advance America Cash Advance Centers of Florida, LLC
  • Advance America Cash Advance Centers of Mississippi, LLC

+ 4 more

Parties and counsel from the public court docket. Listing an attorney here isn't an endorsement, and ClaimWatch isn't affiliated with any of them.

In the news

Headlines via NewsAPI. ClaimWatch isn't affiliated with these publications.

New to class actions?

This summary was generated from public settlement documents and may contain errors. Confirm eligibility, deadlines, and payment terms on the official settlement website before filing. ClaimWatch is not a law firm and this is not legal advice. Filing a claim is free.

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