Published
December 7, 2025
Updated
July 25, 2026
Claims are closed. The February 2, 2026 deadline has passed. The official website lists a March 17, 2026 final approval hearing but does not post the court’s result or a payment date.
Current Status
Claims are closed. The February 2, 2026 deadline has passed. The official website lists a March 17, 2026 final approval hearing but does not post the court’s result or a payment date.StatusFinal-Approval Update PendingSee the current-status update above.
Claim DeadlineFebruary 2, 2026The filing window has passed.
Settlement Fund$7.75 millionDeductions are governed by court orders.
Potential BenefitAbout $50 or up to $5,000Benefit rules varied by claim type.
What Happened?
The lawsuit concerned a February 2023 incident that allegedly affected personal information maintained by Purpose Financial and Advance America. The defendant denied the allegations, liability, and wrongdoing. The parties agreed to settle to avoid the cost, delay, and uncertainty of continued litigation.Who Was Covered?
The settlement covered people who received notice that their information was implicated in the February 2023 Purpose Financial incident.What Benefits Were Available?
Class members could request an estimated $50 pro rata cash payment, an additional estimated $50 for qualifying California residents, or up to $5,000 for documented out-of-pocket losses.How Claims Were Filed
During the filing period, eligible class members could submit a claim through the official settlement website or use the paper form made available by the administrator. Documentation requirements depended on the benefit selected. The filing window is now closed.Official settlement information remains available at PurposeFinancialSettlement.com.
Important Dates
• Final approval hearing: March 17, 2026• Claim deadline: February 2, 2026
• Payment date: Not announced
Settlement Fund and Legal Fees
Court-approved notice, administration, legal-fee, expense, and other permitted amounts are governed by the settlement documents and court orders. Those deductions can affect the amount available for eligible claims.Case Information
The case is Hernandez, et al. v. Purpose Financial, Inc., et al., Case No. 7:23-cv-04256-JDA, in the U.S. District Court for the District of South Carolina.Official Website: PurposeFinancialSettlement.com
Sources
• Official settlement website and court documents: PurposeFinancialSettlement.comFor more class actions keep scrolling below.
Settlement Fund
$7.75 million
Case Title
Hernandez, et al. v. Purpose Financial, Inc., et al.
Case Number
7:23-cv-04256-JDA
Court
U.S. District Court for the District of South Carolina
Claim Deadline
February 2, 2026 (passed)
Status
Final-Approval Update Pending
Official Website
PurposeFinancialSettlement.com
