CUNA
  • Advocacy
    • Priorities we’re fighting for
    • Actions you can take
  • News
  • Learn
  • Compliance
  • Shop
  • Topics
    • Community Service
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Credit Union Magazine
    • Buyers' Guide
    • COVID-19
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • COVID-19
  • Advertise
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Contact
Learn More about Member Value

News

Member Benefits
Learn more
Learn more about the benefits of membership.
Home » Court approves final settlement in Equifax data breach suit
CU System

Court approves final settlement in Equifax data breach suit

October 22, 2020
Equifax

The court has granted final approval to the settlement agreement reached in the Equifax data breach lawsuit, of which CUNA, Leagues and credit unions are plaintiffs. The deadline to file a claim is Dec. 31.

CUNA filed suit against Equifax in October 2017 after a data breach that exposed the personal information of more than 145 million consumers and 209,000 credit card numbers. 

All information and forms required to make a claim are available on the settlement website.

The settlement 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. 

Equifax has also agreed to spend $25 million to enhance its data security measures and compliance with the Payment Card Industry Data Security Standard (PCI-DSS).

KEYWORDS Equifax
Credit Union Magazine - Winter 2020

Winter 2020

Credit Union Magazine’s Winter 2020 edition features CUNA’s 2021 lending outlook, CEO insights on adjusting to the pandemic, and board recruitment strategies.
Digital Edition •  Subscribe

Trending

  • Harper: SIF premium not ‘if’ but ‘when and how much’

  • NCUA’s SAR proposal should be adopted ‘as soon as reasonably practical’

  • Advice for a new CEO

Tweets by CUNA_News

Polls

Who should be the 2021 Credit Union Hero of the Year?

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
  • Privacy Policy

Resources for

  • CUNA Board Members
  • Credit Union Advocates
  • Leagues
  • Press
  • Vendors