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The credit reporting agency reached a $700 million settlement with government officials last week, agreeing to pay as much as $425 million of that money to consumers affected by the data breach.
The company has agreed to a $700 million settlement, and you may be owed up to $20,000. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290 ...
In a settlement with the United States Federal Trade Commission, Equifax offered affected users settlement funds and free credit monitoring. In February 2020, the United States government indicted members of China's People's Liberation Army for hacking into Equifax and plundering sensitive data as part of a massive heist that also included ...
In Canada, this has led to TransUnion and Equifax not offering any form of credit freeze (instead directing consumers to their paid identity monitoring services, which have been described as 'ineffective'), until the passage of Quebec's Bill 53, the Credit Assessment Agents Act. [6] [7] Lifting a credit freeze requires a PIN. [8]
The money will reimburse individuals for everything from the time spent filing for credit freezes after the breach, to free monitoring services for the next 10 years.
Fair and Accurate Credit Transactions Act; Other short titles: Financial Literacy and Education Improvement Act: Long title: An Act to amend the Fair Credit Reporting Act, to prevent identity theft, improve resolution of consumer disputes, improve the accuracy of consumer records, make improvements in the use of, and consumer access to, credit information, and for other purposes.
The breach led to a record settlement with the FTC, a dramatic downgrade in Equifax’s own credit rating, and close to $3 billion in expenses for the company as it restructured both its C-suite ...