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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).

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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Credit Union National Association is the most influential financial services trade association and 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.

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