What is the settlement with Equifax?
The company has agreed to a global settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau, and 50 U.S. states and territories. The settlement includes up to $425 million to help people affected by the data breach. The initial deadline to file a claim in the Equifax settlement was January 22, 2020.
How much did you pay for the Equifax breach?
As a result, consumers who were affected by the breach had the option of signing up for either up to $125 or free credit monitoring at all three of the largest credit reporting firms: Equifax, Experian and TransUnion. (Consumers who sought cash payments should visit the settlement claims administrator’s website for updates, Equifax told CNBC.)
Did you get an email about free credit monitoring through Equifax?
Lots of people recently got an email or letter about free credit monitoring through the Equifax settlement. That’s because the settlement with Equifax was just approved by a court. So now, if you signed up for credit monitoring as part of that settlement, you can take a few steps to switch it on. The email or letter tells you how.
Do I provide any payment information to enroll in the settlement?
You do not provide any payment information to enroll. And if signup instructions arrive via email, be sure it is from the Equifax Breach Settlement Administrator ([email protected]). You will not be contacted by phone about the settlement.
Is Equifax a solicitation from a lawyer?
A federal court authorized this Notice. It is not a solicitation from a lawyer. James Jenkins and eight other consumers (“Plaintiffs”) have sued Equifax Information Services, LLC (the “Defendant” or “Equifax”) alleging that it violated a federal law, the Fair Credit Reporting Act (the “FCRA”), by providing consumer credit disclosures ...
Does Equifax settlement affect individual claims?
The settlement does not affect any individual claim you may personally have. Equifax will substantially change the manner in which it reports public records in the credit file disclosures of all consumers. IF YOU EXCLUDE YOURSELF FROM THE SETTLEMENT. You can exclude yourself from the settlement completely (“opt out”).
Can you sue Equifax for credit monitoring?
You will not receive the credit monitoring service. You will not have any right to object, but you also will not be bound by the terms of this settlement. You will also have the right to sue Equifax relating to the failure to list the public records vendor in consumer credit file disclosures.
What is the notice of settlement in James Jenkins v. Equifax?
The notice explain s the lawsuit, the settlement, and your legal rights. Judge Hannah Lauck of the United States District Court for the Eastern District of Virginia is overseeing this class action. The case is known as James Jenkins, et al. v. Equifax Information Services LLC, Case No. 3:15-cv-00443-MHL (the “Lawsuit”).
What does it mean to exclude yourself from a settlement?
Objecting is simply telling the Court that you do not like something about the settlement. You can object only if you remain in the Class. Excluding yourself is telling the Court that you do not want to be part of the Class. If you exclude yourself, you have no basis to object to this settlement because the case no longer affects you.
How to contact FCRA law?
If you have questions about the case, you can call toll free (877) FCRA-LAW (1-877-327-2529) , or write to the Class Counsel, Leonard A. Bennett, Consumer Litigation Associates, P.C., 763 J. Clyde Morris Blvd., Suite 1-A, Newport News, VA 23601.
How long does Equifax watch gold?
If the Court approves the settlement, you are entitled to 18 months of EQUIFAX CREDIT WATCH GOLD WITH SCORES credit monitoring service at no cost to you. The retail monetary value of this service is $269.10. You will have online access to your Equifax credit report and a credit score at no cost to you for the entire 18 month period. Equifax will substantially change the manner in which it reports public records in the credit file disclosures of all consumers to include the name and address of the vendor that provides the public record and it will change the way that it handles consumer disputes of such records.
Who are the class representatives in the Newport News case?
The Class Representatives retained Leonard A. Bennett and Matthew J. Erausquin, Consumer Litigation Associates, P.C., 763 J. Clyde Morris Blvd., Suite 1-A, Newport News, VA 23601, Kristi Kelly, Kelly & Crandall, 4084 University Drive, Fairfax, VA 22030, and Jim Francis, Francis & Mailman James A. Francis, 100 South Broad Street, Philadelphia, PA 19110 to represent them. In connection with the preliminary approval of the settlement, the Court appointed these attorneys to represent you and other Class Members. Together, the lawyers are called Class Counsel. You will not be separately charged by these lawyers for their work on the case. If you want to be represented by your own lawyer, you may hire one at your own expense.
How much did Equifax spend on data security?
Equifax also promises to spend $25 million on strengthening its data security and will pay the administrative and legal costs for the banks involved in the settlement. Granted, most individuals will see very little money from the settlement, if any.
Will Equifax pay you $125?
You’re probably not going to get your $125 from the Equifax settlement. Equifax is indeed paying out right now—but not to you. Instead, the company has finally agreed to pay the banks ( PDF) for the inconvenience of having to cancel and reissue millions of credit and debit cards, The Register points out.