Federal Trade Commission Warns Equifax Victims They Will See Smaller Settlement Checks The Federal Trade Commission is facing an issue over the Equifax settlement. Droves of Equifax victims are choosing a $125 cash payment over credit monitoring. Consumers are blowing up the math of the mega-settlement announced July 22. The FTC is now saying Equifax […]
Credit Reporting Agency Equifax To Pay $650 Million Settlement With Federal Trade Commission Credit reporting agency Equifax will pay around $650 million to settle with the Federal Trade Commission. The credit reporting agency experienced a massive data breach in 2017. The breach exposed Social Security numbers and other private information of nearly 150 million people. […]
Equifax Executive Jun Ying Admitted To Dumping Stock After Learning The Mass Data Breach Former Equifax Executive Jun Ying admitted in court that he dumped nearly $1 million in company stock after learning of the company’s massive data breach in 2017 Ying was the chief information officer of Equifax’s U.S. Information Solutions. Thus, he was made […]
Equifax Spanking Is Coming By The CFPB And Federal Trade Commission Over Mass Data Breach An Equifax spanking is coming! The company is expecting various forms of punishment from both the Consumer Financial Protection Bureau and the Federal Trade Commission. The spanking is from the credit reporting agency’s massive data breach that exposed the personal information of 148 million U.S. consumers to hackers […]
Credit Freezes aka The Equifax Rule Allows Consumers To Put A Freeze On Who Can Pull Information Consumers can now freeze their credit at all three of the major credit reporting agencies for free. The new rule went into effect yesterday. Industry insiders are dubbing it the “Equifax rule.” The massive data breach at Equifax led to a push to ban […]
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