New York Consumer Law Blog

Thursday, September 19, 2019

Equifax Doesn’t Want You to Get Your $125. Here’s What You Can Do.

To recap: Equifax exposed personal financial information, was sued by the government and settled. The government publicly touted a cash reward alternative of up to $125 to victims without ensuring enough money had been set aside to guarantee the max amount for every possible person affected; the government backtracked on its statement; eventually, the Equifax settlement team sent a mid-weekend email adding a new hurdle for victims to claim their money. And the cash settlement? “Forget about the $125 alternative,” the Los Angeles Times columnist Michael Hiltzik wrote. “It doesn’t really exist in the real world.”

https://www.nytimes.com/2019/09/16/opinion/equifax-settlement.html


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