Equifax Settles Data Breach Claims

Equifax has agreed to settle claims over the 2017 data breach:

The proposed settlement with the Consumer Financial Protection Bureau, if approved by the federal district court Northern District of Georgia, will provide up to $425 million in monetary relief to consumers, a $100 million civil money penalty, and other relief. The bureau coordinated its investigation with the Federal Trade Commission and attorneys general from across the U.S.

This is welcome news to those consumers that were directly affected by the breach and hopefully will result in safer procedures being implemented to protect information in the future.

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