Saturday, December 26, 2009
Judge Approves Countrywide Settlement
KENTUCKY....
U.S. District Judge Thomas B. Russell of Paducah has given preliminary approval to a settlement between Countrywide Financial Corp. and up to 17 million people whose detailed financial information was exposed during a security breach, including anyone who obtained a mortgage and anyone who used Countrywide to service a mortgage prior to July 1, 2008. Under terms of the settlement, Countrywide, now owned by Bank of America, would give free credit monitoring. A fairness hearing is scheduled for July 19th in Louisville.
U.S. District Judge Thomas B. Russell of Paducah has given preliminary approval to a settlement between Countrywide Financial Corp. and up to 17 million people whose detailed financial information was exposed during a security breach, including anyone who obtained a mortgage and anyone who used Countrywide to service a mortgage prior to July 1, 2008. Under terms of the settlement, Countrywide, now owned by Bank of America, would give free credit monitoring. A fairness hearing is scheduled for July 19th in Louisville.
# posted by Homer Owens @ 4:30 PM 
