FinWise data-breach settlement: exclusion and objection deadline passed Sept. 29; claims due Oct. 29

The FinWise settlement materials listed September 29, 2026 for exclusions and objections, which has now passed, and the objection instructions conflicted: the notice gave an administrator postmark deadline, while the court order required court filing and mailing to counsel. Claims are due October 29; the court has scheduled a final approval hearing for December 10, 2026, and payment requires final approval.

Published Sep 28, 2026, 8:20 AM Mountain Time
Source / event date: Underlying incident alleged on May 31, 2024; court granted preliminary approval July 1, 2026; exclusion and objection deadline September 29, 2026.

The settlement concerns alleged exposure of personal information in a May 31, 2024 incident. The official notice says the court has not decided whether the allegations are true; FinWise and the other defendants deny wrongdoing and liability. FinWise Bancorp said in its second-quarter filing that it expected the settlement and related fees and expenses to be covered by cyber insurance. The September 29 exclusion and objection deadline has passed; claims remain due October 29, and the court has scheduled a final approval hearing for December 10, 2026. Final approval and any eventual payment remain unresolved.

The settlement is only preliminarily approved. The allegations have not been adjudicated, defendants deny liability, and the insurer coverage statement is FinWise Bancorp’s expectation rather than a confirmed payment. Clarification added September 29, 2026: paragraph 18 of the July 1 order and the notice/FAQ give different objection procedures.

Sources

First published by The Financial Current. AI-assisted reporting, checked against the sources above.