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Home » Settlement website established in Hudson’s Bay data breach suit
CU System

Settlement website established in Hudson’s Bay data breach suit

October 5, 2021
Equifax

Credit unions and other financial institutions affected by a 2018 data breach at Toronto-based Hudson’s Bay can use the settlement website to file a claim. Claims must be filed by Feb. 17, 2022.

The settlement was proposed in Arkansas FCU and Summit FCU v. Hudson’s Bay Company, et al., and the court will hold a final approval hearing Dec. 7.

Under the Settlement, two types of claims may be made: “Fixed Payment Claims” and “Documented Out-of-Pocket Claims.”

A Settlement Class Member may make one or both types of claims. Hudson’s Bay will pay, on a claims-made basis, up to a maximum aggregate amount of $3 million to the Settlement Class Members who submit approved Fixed Payment Claims and $1 million to the Settlement Class Members who submit approved Documented Out-of-Pocket Claims (subject to a pro rata reduction, if necessary).

Credit Union Magazine: Spring 2023

Spring 2023

Credit Union Magazine’s Spring 2023 issue features the 2023 Credit Union Heroes and examines CUNA-League advocacy priorities, board leadership, the impact of financial well-being efforts, fee-related compliance issues, predictions for the year ahead, and more.
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