FinWise Data Incident Settlement

A $2,800,000 Settlement has been reached in a class action lawsuit against FinWise Bank, FinWise Bancorp, and American First Finance (together, “Defendants”) related to a Data Incident experienced by FinWise Bank on or about May 31, 2024, and implicating systems that contained Settlement Class Members’ Private Information. The Private Information may include, but is not limited to, some combination of Settlement Class Members’ full names, dates of birth, Social Security numbers, and customer account numbers.

The Settlement Class includes all living, natural persons residing in the United States whose Private Information was affected by the Data Incident, including all individuals who were sent a notice of the Data Incident.

If you are a Settlement Class Member, you can submit a Claim Form for the following Settlement Class Member Benefits:

Documented Losses Payment: You may submit a Claim Form and provide reasonable documentation for losses fairly traceable to the Data Incident for up to $5,000 per Settlement Class Member; OR

Cash Fund Payment: Instead of a Documented Losses Payment, without providing documentation, you may submit a Claim Form to receive a pro rata (a legal term meaning equal share) Cash Fund Payment;

AND

Credit Monitoring: In addition to a Documented Losses Payment or Cash Fund Payment, you may also submit a Claim Form to receive two years of three bureau Credit Monitoring services.

If the total amount of approved Documented Losses Payments exceeds the Net Settlement Fund, there will be no Cash Fund Payments, and the Documented Loss Payments will be subject to a pro rata (a legal term meaning equal share) decrease.

Your Legal Rights & Options		Deadline
Submit a Claim Form	The only way to get Settlement Benefits is to submit a timely and valid Claim Form.	Submitted or Postmarked by: October 29, 2026
Exclude Yourself	Get no Settlement Class Member Benefits. Keep your right to file your own Action against the Released Parties about the Released Claims that are released by the Settlement in this Action.	Postmarked by: September 29, 2026
Object to the Settlement	Stay in the Settlement but tell the Court why you do not agree with the Settlement. You will still be bound by the Settlement if the Court approves it.	Filed by: September 29, 2026
Do Nothing	Get no Settlement Class Member Benefits. Give up your legal rights.

The Court must decide whether to approve the Settlement, Class Counsel’s Application for Attorneys’ Fees and Costs, and Service Awards. No Settlement Class Member Benefits will be provided unless the Court finally approves the Settlement.