CUNA
  • Advocacy
    • Priorities we’re fighting for
    • Actions you can take
  • News
  • Learn
  • Compliance
  • Shop
  • CUNA News
    • Policy & Issues
    • CU System
  • Credit Union Magazine
    • Technology
    • Lending
    • Compliance
    • Marketing
    • Management
    • Operations
    • Human Resources
    • Volunteers
  • Advertise
  • Contact
  • Subscribe
  • Buyers' Guide
  • Awards
    • CU Rock Star
    • CU Hero
Learn More about Member Value

News

Member Benefits
Learn more
Learn more about the benefits of membership.
Home » Nebraska, Mountain West leagues join Equifax lawsuit
Policy & Issues

Nebraska, Mountain West leagues join Equifax lawsuit

October 31, 2017

The Nebraska Credit Union League (NCUL) and the Mountain West Credit Union Association (MWCUA) announced Tuesday they will join a class action lawsuit against Equifax. CUNA filed its lawsuit Oct. 4, and several other leagues and credit unions have followed suit.

“The Equifax breach has harmed and will continue to harm our credit unions and their members,” said NCUL CEO Scott Sullivan. “We refuse to sit idly by as our credit unions begin to bear the long-term financial cost and personnel burden from Equifax’s breach and are pleased to join with CUNA in taking this action on our members behalf. This is yet another example of the value of the interdependent CUNA/League system.”

Scott Earl, president/CEO of MWCUA also cited the need to protect credit unions when announcing the league is joining a lawsuit.

“We have not seen a data breach of this magnitude before and the potential impacts to credit unions and their members is unprecedented,” Earl said “The Association joined  both to help protect our affiliated credit unions and to hold Equifax accountable for the fallout from this breach. Protecting members is a top priority of all credit unions. We may not know the full impact of this extensive breach for years. The costs to credit unions will be significant.”

The breach, first announced in September is estimated to have exposed information on more than 145 million consumers, and payment card data from of more than 200,000 consumers.

The Illinois Credit Union League and the League of Southeastern Credit Unions and Affiliates have also announced legal action against Equifax.

Since filing its suit, CUNA has engaged with both chambers of Congress with concerns about the breach’s effects. CUNA also hosted a members-only webinar on credit unions’ potential legal options in the wake of the breach.

  • Related Articles

    Vermont, Minn., Pa. leagues to join Equifax breach lawsuit

    Heartland league joins data breach lawsuit against Equifax

    Virginia, Wisconsin leagues announce Equifax legal action

This Month Payments: Perils and Promise

Payments: Perils and Promise

The payments arena offers new opportunities to connect with members.
Cards Are (Still) King

Cards Are (Still) King

Credit and debit cards still drive the competitive payments market.
Open Banking on its Way

Open Banking on its Way

Prepare for the impact it will have on member relationships and competitive positioning.
App Digital Edition Subscribe

Trending

  • Compliance: New mortgage servicing rules now effective

  • Nussle: Any change to CU tax status would harm consumers

  • Nussle issues statement after NCUA responds to Sen. Hatch

Tweets from @CUmagazine and @CUNA_News

Polls

How often do you talk to the board about compensation?

View Results
More

Champion of America’s Credit Unions

Credit Union National Association is the only national association that advocates on behalf of all of America’s credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • About
  • Careers
  • Contact Us
  • Recommended Websites

Resources for

  • Credit Union Advocates
  • Leagues
  • Press
  • Vendors