Equifax on the hot seat for running out of data breach settlement funds

Andy Meek
,BGR News•August 2, 2019

Even when making restitution to victims of its massive 2017 data breach, Equifax still can’t seem to avoid a mess. The credit reporting agency is now attracting a ton of scrutiny after the Federal Trade Commission revealed in an urgent announcement to the public that the pool of Equifax settlement funds used to pay cash claims to victims is quickly running dry. And that victims who step up to file a claim going forward should probably just go ahead and pick a non-cash alternative.

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