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Home » Website launched for Equifax data breach settlement claims
CU System

Website launched for Equifax data breach settlement claims

July 14, 2020
Equifax

A website has been launched for credit unions and other financial institution plaintiffs to file claims in the settlement reached in the Equifax data breach lawsuit. CUNA, Leagues and credit unions are among the plaintiffs in the lawsuit, which stems from a 2017 data breach that exposed the personal information of more than 145 million consumers.

The settlement, announced in June, provides up to $4.50 per alerted-on payment card as well as up to $5,000 per financial institution for its documented damages claim resulting from PII theft for class members. The total amount being offered for these two components is $5.5 million.  

The Settlement Class will be limited to financial institutions that had alerted-on payment cards as a result of the breach. Class members will be permitted to make claims for losses attributable to the alerted-on payment cards as well as damages they suffered resulting from their customers’ personally identifiable information (PII) exposure. 

Credit Union Magazine: Spring 2022

Spring 2022

Credit Union Magazine’s Spring 2022 edition profiles four Credit Union Heroes and examines CUNA's advocacy priorities, the advocacy army, and financial well-being for all.
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