If the pool is limited, expect the disbursed funds to be as well. Next time, make sure to avoid the cash settlement. Tap or click here to learn more about what you get with Disney+. One month of Disney+ is only $6.99, so you might as well go with it. In exchange for resolving all outstanding class action claims against it, Equifax in 2019 agreed to a settlement that includes up to 425 million to help people affected by the breach. But you can sign up for FTC email alerts about the settlement at ftc.gov/Equifax. If you were affected by the Equifax breach, you can't file a claim just yet. You might as well put it to good use - like paying for a month of Disney+. Under a settlement filed today, Equifax agreed to spend up to 425 million to help people affected by the data breach. Legal scholars at the Hamilton Lincoln Law Institute believe both the FTC and consumers were “snookered” by a deceptive settlement that prioritized attorneys over the people. People who chose the cash option get six bucks.Ĭonsumers aren’t the only unhappy group involved with the suit. This Is The Official Settlement Website For The Equifax Data Breach Settlement. To view important documents, you may do so here. Further information about your rights and options is available in the FAQs. Consumers who chose the credit monitoring will enjoy a free form of identity protection for several years. The deadline to Validate or Amend Your Claim for Alternative Compensation Cash Payment or Credit Monitoring has passed. Federal lawmakers have made minor changes related to data privacy. In fact, the FTC previously posted a bulletin where it outlined why selecting the free credit monitoring option would be the smarter choice over the cash award. Victims of the breach will benefit from a 425 million settlement that’s nearing its end. last 4 digits of the account number, amount, paid/settled, etc.). If you still have your claim number, you can enter it on the website to check the status of your claim. from creditor/lender confirming the status, ownership, and details of the account (e.g. Add in the award the lawyers received and you shrink the pool even further. The Equifax data breach settlement website will be updated with developments. This means the more people who joined in the class action lawsuit, the smaller the claim would be for each participant. Tap or click for more details about the cash settlement with Equifax, as well as free credit monitoring offered thanks to the verdict.Īs it turns out, quite a few people took the cash offer - but due to the lawyers’ award, customers are entitled to a grand total of… $6! Yes, really! Why is the amount so small?Īs we mentioned above, Equifax had only set aside $380 million.
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