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NEW AMERICAN FUNDING, LLC was the subject of a data breach notification filed with the IL Attorney General. The AG filing was recorded on January 28, 2026.
From the AG filing description
New American Funding, LLC operates as a prominent direct mortgage lender and financial services provider, originating residential home loans and managing mortgage portfolios for consumers across the United States. Because of the core nature of its business, the company routinely collects and processes an immense volume of deeply sensitive personal, financial, and credit-related information from prospective and current borrowers. To successfully process mortgage applications, verify employment, evaluate creditworthiness, and finalize real estate transactions, New American Funding gathers comprehensive financial dossiers that include tax returns, bank statements, credit scores, real estate transaction histories, and primary identification details. In 2026, New American Funding, LLC formally reported a security incident to the Illinois Attorney General, alerting consumers and regulatory bodies to a compromise of its digital infrastructure. While organizations in the financial and mortgage lending sector invest heavily in data security, incidents of this nature typically involve sophisticated cyberattacks such as unauthorized network intrusions, ransomware deployment, or third-party vendor vulnerabilities. These breaches often exploit weaknesses in legacy systems or credential management, allowing malicious actors to gain prolonged, unauthorized access to internal databases housing confidential consumer records. The data exposed in incidents affecting mortgage lending institutions typically includes full names, Social Security numbers, dates of birth, financial account numbers, routing numbers, mortgage application details, and credit score information. The compromise of this specific combination of data creates severe, immediate risks of identity theft and financial fraud. With Social Security numbers, banking details, and comprehensive income documentation in the hands of malicious actors, victims face heightened vulnerabilities regarding unauthorized credit applications, fraudulent loan activity, tax refund fraud, and financial account takeover, which can take years to detect and resolve. As a financial institution handling nonpublic personal information, New American Funding, LLC was legally bound by stringent regulatory frameworks, most notably the Gramm-Leach-Bliley Act (GLBA) and applicable state consumer protection laws. The GLBA requires financial institutions to implement robust administrative, technical, and physical safeguards to protect customer records against foreseeable threats and unauthorized access. The occurrence of a data breach of this magnitude strongly indicates potential failures in maintaining adequate cybersecurity measures, encryption protocols, and network monitoring systems, raising serious questions regarding regulatory compliance and corporate negligence. Receiving a data breach notification letter from New American Funding, LLC serves as formal acknowledgment that your private financial and personal information was exposed as a result of the company's security failures. Legally, the receipt of this notice establishes the foundation and standing necessary to participate in a class action lawsuit seeking accountability, restitution, and enhanced data protection measures. Importantly, affected individuals do not need to prove that they have already suffered direct financial loss or identity theft to pursue legal claims. Our firm handles these complex data privacy cases on a contingency fee basis, meaning there are never any out-of-pocket costs or attorney fees unless we successfully recover compensation on your behalf.
Based on the data types reported in this filing:
Your SSN is the master key to your identity. Once exposed, criminals can open new lines of credit, take out loans, or file taxes in your name.
Combined with a name and other leaked data, date of birth helps criminals pass identity verification questions at banks and government agencies.
You may have been affected by the NEW AMERICAN FUNDING, LLC data breach if:
Common categories of compensation in data breach class actions
Courts recognize that the time spent monitoring accounts, placing credit freezes, and dealing with the aftermath of a breach has real economic value. This category of damages is recoverable even without direct financial loss.
Professional credit monitoring services cost $10–$40 per month. Identity theft restoration services, if needed, can cost hundreds of hours and thousands of dollars. Courts have awarded these costs as direct damages in SSN breach cases.
Direct financial losses resulting from the breach — unauthorized charges, fraudulent transfers, or fees incurred through fraud — are recoverable as compensatory damages. Banks may reverse some charges; a class action recovers the remainder and associated costs.
Several state data breach laws provide for statutory minimum damages — fixed amounts recoverable per affected individual regardless of actual loss. These provisions exist specifically to make legal action viable for victims who have not yet experienced direct harm.
Note: an attorney general breach filing does not by itself establish a settlement fund, a payment amount, or a claim deadline. If an official settlement notice is later issued, rely on that notice for payment details and deadlines.
Applicable State Law
This breach was reported under the Illinois Personal Information Protection Act (PIPA), which mandates notification and establishes your right to seek damages.
No. Under Illinois Personal Information Protection Act (PIPA) and federal law, the unauthorized exposure of your personal data — regardless of whether it has been actively misused — can be sufficient grounds for a claim. The breach itself is the injury.
Nothing. The Law Office of David S. Harris handles data breach cases on contingency — you pay zero upfront and owe nothing unless compensation is recovered.
Immediately place a free credit freeze at all three bureaus (Equifax, Experian, TransUnion). A freeze blocks new accounts from being opened in your name. Then file a complaint with the FTC at IdentityTheft.gov and contact our office — SSN exposure is one of the most serious breach types.
Banks may reverse fraudulent charges, but they are not obligated to compensate you for time lost, stress, or indirect damages. A class action claim against the breached company can recover those additional categories of harm.
State statutes of limitations for data breach claims typically run 2–4 years from the date of the breach or its discovery. Because this breach was recently disclosed, the window is open — but acting early preserves your options and strengthens the case.
Accepting free credit monitoring from NEW AMERICAN FUNDING, LLC does not waive your right to pursue legal action unless you signed a specific release waiving claims. In most cases, victims who accepted monitoring can still file.
Not necessarily. Many data breach victims are never notified directly. If your personal information was held by NEW AMERICAN FUNDING, LLC during the relevant period, you may still qualify even without receiving a letter. A free eligibility review can confirm your status.
Received a notification letter from NEW AMERICAN FUNDING, LLC?
Read our dedicated guide — what the letter means and what to do.
Learn how to participate in the class action and what compensation you may be entitled to.
Join the Class Action →Use our verification tool to confirm your letter matches this official AG filing.
Verify My Notice LetterThis case file references a public filing made with the state filing in IL. This website is not affiliated with, endorsed by, or operated by any state government agency.
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