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The money will reimburse individuals for everything from the time spent filing for credit freezes after the breach, to free monitoring services for the next 10 years.
The Wall Street Journal says Equifax will pay around $700 million to settle with the FTC over a 2017 data breach that exposed some 150 million people's social security numbers and other private ...
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The agencies were required to pay $23 million in fines and restitution. [67] Equifax agreed to a settlement of $575 million with the Federal Trade Commission, the CFPB, and states related to a data breach that occurred in 2017 where 147 million people were affected by their personal information being exposed. [68]
Equifax primarily operates in the business-to-business sector, selling consumer credit and insurance reports and related analytics to businesses in a range of industries. [citation needed] Business customers include retailers, insurance firms, healthcare providers, utilities, government agencies, as well as banks, credit unions, personal and specialty finance companies and other financial ...
Before standardization of credit scoring, statements of character were integral to credit reports well into the 1960s. [3] With credit reports containing probing details about personality, habits, and health, in the hearings on the Fair Credit Reporting Act lawmakers were troubled that individuals were helpless to clear up errors.
Viewers are reaching out to the 8 On Your Side team and asking about an email offering free credit monitoring in connection with a well-known data breach.
Total settlement: $60 million. Deadline to file claim: May 18, 2023. Requirements: Must have been an unlimited data customer between Oct. 1, 2011 and June 30, 2015.