A class action suit filed in California accuses Loandepot of failing to implement adequate measures to protect its customer data. In early January, the lender and servicer reported some of its systems were brought down by a cyber attack, during which malicious actors gained access to the personal identifiable information of 16.6 million current and
Loandepot was hit by a cyberattack, the company announced Monday. The top-ranked mortgage lender “determined that the unauthorized third-party activity included access to certain company systems and the encryption of data,” per a filing with the Securities and Exchange Commission. As a result, it took some operations offline. The company did not provide specifics regarding
A federal judge dismissed racketeering claims against CrossCountry Mortgage in a poaching lawsuit, but eight other counts from a competitor remain. California-based American Mortgage Network sued its larger rival in January, accusing it of using a “transition desk” of dedicated staff to poach originators and divert loans. The complaint accuses former branch manager Spencer Thomas
Outsourcing and tech services provider Keywords Studios has laid off a group of Canadian testers working on BioWare games. These were the same employees who unionized last year. UFCW, a Canadian union that supports retail and food workers, first reported the layoffs at Keywords Edmonton earlier this week. “We are obviously saddened by the turn