You filed a claim in the Equifax Data Breach Settlement and chose to receive free, three-bureau (Equifax, Experian, and TransUnion) credit monitoring from Experian for four years. Implementation of the Settlement was delayed by appeals; however, the Settlement is now effective because appellate courts have affirmed it.
Equifax data breach class action lawsuit settlement updates: On June 3, 2021, the 11th Circuit Court of Appeals upheld the $425 million Equifax data breach settlement. It is not known at this time how quickly claims will be paid. Top Class Actions will continue to provide updates as they become available.
As recounted on the FTC website “In September of 2017, Equifax announced a data breach that exposed the personal information of 147 million people. The company has agreed to a global settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau, and 50 U.S. states and territories.
The U.S. Department of Justice announced that a federal grand jury in Atlanta delivered a nine-count indictment accusing four hackers and members of China's People's Liberation Army – Wu Zhiyong, Wang Qian, Xu Ke and Liu Lei – of serving as masterminds of the hack.
After a data breach in 2017 exposed personal data of more than 147 million consumers, including in some cases Social Security and driver's license numbers, credit bureau Equifax agreed to pay hundreds of millions in compensation to help affected consumers.
You are a Settlement Class Member if you are among the approximately 147 million U.S. consumers identified by Equifax whose personal information was impacted by the Equifax Data Breach.
Consumers submitted more than 700,000 complaints to the CFPB regarding Equifax, Experian and TransUnion from January 2020 through September 2021, which represented more than 50% of all complaints received by the agency for that period.
Many lawsuits against Equifax, as well as governmental investigations into the company, followed. On July 22, 2019, Equifax agreed to pay up to $700 million in a settlement over its lapse in security.
It is possible to make a data breach claim for compensation but you must be able to provide evidence that you have suffered damages and stress as a result of the data breach. The current period for making a data breach claim is 6 years, 1 year if it involves a breach of Human Rights.
EquifaxFoundersCator Woolford Guy WoolfordHeadquartersAtlanta, Georgia , U.S.Area servedWorldwideKey peopleMark L. Feidler (Chairman) Mark W. Begor (CEO) John W. Gamble, Jr. (Vice President & CFO)RevenueUS$4.92 billion (2021)14 more rows
In the wake of Equifax's 2017 data breach, which compromised the personal information of roughly 147 million consumers — including names, birthdates and Social Security numbers — the company ended up as the target of multiple lawsuits and reached a settlement in 2019 with the FTC, the Consumer Financial Protection ...
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Buried in the 14,000 words of the terms of service is a clause which states if you accept Equifax's offer, you waive your legal right to sue Equifax for their breach of security. The terms also bar you from joining a class action lawsuit. The only options available to you are arbitration and small claims court, ...
If You Took the Breach Offer. If you are taking (or recently took) the Equifax offer for a year of free TrustID Premier service, you have 30 days from the date you signed up to send the letter. Waiting until the 30 days expires will result in losing some your legal rights.
In the TOS, Equifax has made clear what the letter needs to state. The company also made clear if you don't have everything in the letter they want, you will not be opted out of the arbitration clause. For the letter to be effective it needs the following items: Your Name. Your Address.
You have 30 days from the date you first accept the Equifax terms of service to opt-out. For most consumers, the clock starts the first time they use a service, sign up for a program, or purchase something from Equifax.
As millions of consumers are considering Equifax's offer of one-year free credit monitoring and other services, concerns over their terms of service have been raised. Although Equifax has not done enough for victims, taking their meager offering of a year of free TrustID Premier service is enticing for many consumers.
By opting out, you preserve your right to sue in court or to join a class action lawsuit. You may also retain the option to go after Equifax in arbitration or small claims court if either of those are better for you.
Post Office confirmations are usable in court to prove when you opted out, and that Equifax got the letter. You will also want to keep copies of the letter to prove the content of the letter. Scan or take digital pictures of the letter and the certified receipt from the Post Office and save them. You also will want paper copies of both as backups.
Part of the Equifax settlement included a choice for consumers. They could opt for free credit monitoring for up to 10 years or get up to $125. For about a week, there was anticipation that many affected consumers who get credit monitoring on their own could receive some decent money from Equifax.
The company has agreed to pay $175 million to 48 states, the District and Puerto Rico, as well as $100 million to the CFPB in civil penalties.
An initial fraud alert only lasts for 90 days, so you may want to watch for when to renew it.
Equifax is offering a free monitoring service to anyone—not only those who are affected by this breach. Since this is a free service, you should consider signing up for this service, if it makes sense for you, by visiting equifaxsecurity2017.com .
A scammer can use your Social Security number to get a tax refund. You can try to prevent a scammer from using your tax information to file and steal your tax refund by making sure you file before they do. Be sure not to ignore any official letters from the IRS and reply as soon as possible.
In an update for consumers , Equifax announced that it has removed the arbitration clause language from its terms of use for the credit monitoring product, called TrustedID Premier.