Equifax denies the allegations and all liability, yet agreed to the terms of the settlement to avoid the burden, risk and expense of further litigation. I directed that both my settlement and my wife's get directed to PayPal. The Equifax class action settlement offers Class Members four years of free credit monitoring or a one-time cash payment of 180. I got this email and gave them my email address for PayPal.

I can't wait to get all of that money from the settlement! (sarcasm, in case you missed it). I forget what the expected $ amount is, I recall declining Credit monitoring coverage, as I already had that from other breaches I was initially inclined to delete as spam (was in the junk folder) but then remembered this thread. If we don’t hear from you by October 14, 2022, your payment will be sent to you by check. If you do not want to change your payment selection of check, you do not need to do anything. If you would like to switch your payment selection to electronic payment via PayPal or pre-paid card rather than a physical check, please click here. The Settlement Administrator can now offer you the ability to receive your payment electronically via PayPal or pre-paid card. You chose to receive your Settlement payment via check. We have processed your claim and determined that you are eligible for a Settlement payment. You filed a claim in the Equifax Data Breach Settlement between Jand January 22, 2020. In addition, if approved by the Court, Equifax will pay service awards of $1,500 to each class representative.Has anyone else received an email regarding this, stating that the checks are being sent out soon?

In addition, Equifax has agreed to adopt and/or maintain certain practices related to its data security and to pay separately the costs of notice, settlement administration, and, if approved by the Court, up to $2 million in fees and $250,000 in costs and expenses to attorneys for the Settlement Class.

The different types of Claims are explained later in this notice. Two types of claims may be made: “Fixed Payment Claims” and “Documented Out-of-Pocket Claims.” A Settlement Class Member may make one or both types of Claims.

Under the Settlement, Equifax will pay, on a claims-made basis, up to $5.5 million into an escrow account out of which the Settlement Administrator will make payments to Settlement Class Members who timely submit valid claims.

Equifax denies these allegations, any wrongdoing, and that it is liable in any amount to the financial institutions.

These claims include alleged negligence, negligence per se, violations of various state unfair and deceptive trade practices statutes, and seek injunctive and declaratory relief. Ga.), assert claims on behalf of a class of financial institutions related to the Data Breach and Equifax’s data security practices. Customer Data Security Breach Litigation, Case No. The lawsuits, referred to collectively as the “Financial Institution Track” in In re: Equifax, Inc.and Equifax Information Services LLC (“Equifax”) brought by financial institutions and associations as a result of a third-party criminal cyberattack on Equifax, which was announced by the company in 2017 and affected payment cards belonging to approximately 209,000 consumers (the “Data Breach”). A settlement has been proposed to resolve lawsuits against Equifax Inc.If your financial institution issued one or more payment cards identified as having been at risk as a result of the data breach that Equifax announced in 2017, it could get a payment from a class action settlement. Equifax has agreed to pay at least 380.5 million to resolve class action claims associated with its massive 2017 data breach.