Rockland State Lawmaker says Equifax Settlement Doesn’t Go Far Enough

A Rockland state lawmaker says the Equifax settlement announced Monday is not enough of a punishment. The credit reporting company will pay at least $575 million, up to $700 million, as part of a global settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau, and 50 U.S. states and territories, which all accused the company of failing to secure its network. That led to a massive data breach two years ago that affected almost 147 million people. Rockland state senator David Carlucci says consumers’ ability to get the funds is much too difficult…

The fund will compensate consumers who bought credit or identity monitoring services from Equifax and paid other out-of-pocket expenses due to the data breach. Equifax will also give all U.S. consumers six free credit reports each year for seven years—in addition to the one free annual credit report that Equifax and the two other national credit reporting agencies currently provide. For more information from the FTC, click here.

Snow Closings Updated Regularly

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