Cash reimbursement requests for payment (to repay money you lost, or pay for time you spent recovering from the data breach) that were submitted before the deadline of January 22, 2022, are scheduled to be sent starting in mid-December 2022. The site is secure. Im not sure I was affected by the data breach. Other related documents can be accessed through the Settlement website. Two types of claims may be made: "Fixed Payment Claims" and "Documented Out-of-Pocket Claims." container.style.maxWidth = container.style.minWidth + 'px'; On Twitter, users have reported receiving small payments, with amounts ranging from $2.64 or $5.21 to $21.06 and $40.44. The Consumer Restitution Fund will be used to: If the Consumer Restitution Fund is used up, Equifax will pay up to an additional $125,000,000 to payOut-of-Pocket Losses (see FAQ 13). The entire $62 million allocated for these claims will be distributed proportionally as required by the Settlement Agreement and Consent Orders. This one-bureau credit monitoring service will include automated online alerts for key changes to your Equifax credit report, on-demand online access to your Equifax credit report updated on a monthly basis, and, if you request, internet monitoring that includes searching suspicious websites for your Social Security number. 1355 Peachtree Street, N.E., Suite 1725 Certain claims for losses between 1/23/2020 and 1/22/2024 as a result of the Data Breach may be made during the Extended Claims Period (see FAQ 12). The Consumer Restitution Fund will be used to pay initial claims for Out-of-Pocket Losses and Time Spent, for Credit Monitoring Services and Alternative Reimbursement Compensation, for Identity Restoration Services, for administrative and notice costs, and for class representative service awards and attorneys fees and expenses as approved by the Court. The 148 million consumers impacted by the Equifax date breach can request a $125 cash payment to help compensate for their privacy headaches. Real-time notification of credit inquiries and other notifications. 31. If you have questions for government regulators or State attorneys general, please click here to find the contact information for your state, click here for the Federal Trade Commissions website, and click here for the Consumer Financial Protection Bureaus website. What if I have questions for government regulators or state attorneys general? Settlement Benefit: Payment for Unreimbursed Out-of-Pocket Losses: If you spent money to deal with fraud or identity theft that was fairly traceable to the Data Breach, then you can submit a claim for reimbursement up to $20,000 (including your claim for Time Spent). Youll receive up to six more years of free one-bureau credit monitoring from Equifax and at least four years of credit monitoring at each of the three main agencies through Experian, as well as $1,000,000 in identity theft insurance. On-demand online access to a free copy of one-bureau credit report, updated on a monthly basis. If Settlement funds still remain, additional Credit Monitoring Services (purchased in full month increments) will be provided to Settlement Class Members who claimed Credit Monitoring Services. Claim Form Deadline: January 22, 2024 . It Is Operated By The Settlement Administrator, Not By Equifax. Equifax Inc. admitted in September 2017 that cybercrooks had stolen the data of 147 million U.S. consumers, making it one of the largest-ever data breaches in the country. People have said they've gotten measly payouts of $5.21 and $2.64. See If My Information Was Impacted by the 2017 Data Breach, File an Extended Claims Period Claim Form. var alS = 2002 % 1000; According to a Federal Trade Commission study, one person in five finds an error in their credit reports. Is North Korea behind the CHI Health data breach, Elon Musk works on a ChatGPT competitor codenamed TruthGPT, Hotpot AI offers an all-in-one solution for most of your AI tool needs, Autonomous AI agents are here and AutoGPT is one of the first to arrive, Meet ChaosGPT: An AI chatbot bent on world domination. Thats because the settlement with Equifax was just approved by a court. Three-bureau credit monitoring providing notice of changes to your credit report at all three national credit bureaus; Up to $1 million dollars in insurance covering costs related to identity theft or fraud; Real-time notification of credit inquiries and other notifications; On-demand online access to a free copy of one-bureau credit report, updated on a monthly basis; CyberAgent Dark Web Monitoring that monitors internet activity for the trading or selling of your personal information; Customer support provided by Experian; and. Payout will start after this date. 2023 CNBC LLC. The FTC has provided an update on the Equifax Data Breach Settlement. You are eligible to get free credit monitoring services under the terms of the settlement. Equifax started sending out payments to people affected by its massive 2017 data breach. So now, if you signed up for credit monitoring as part of that settlement, you can take a few steps to switch it on. ins.className = 'adsbygoogle ezasloaded'; We work to advance government policies that protect consumers and promote competition. The money which comes from a $425 million consumer restitution fund created as part of the settlement began going out Dec. 19, according to Equifax, a credit-reporting firm. window.ezoSTPixelAdd(slotId, 'stat_source_id', 44); The settlementincludes up to $425 million to help people affected by the data breach. What documents govern the Settlement payments? ins.dataset.adClient = pid; As long as there is still money in the Consumer Restitution Fund, there will be an Extended Claims Period which will allow Class Members to make certain claims for Out-of-Pocket Losses or Time Spent that happen after the Initial Claims Deadline. I received an email providing me the option of switching my claim payment selection from check to either PayPal or Pre-Paid card. Access your favorite topics in a personalized feed while you're on the go. The FTC and its law enforcement partners announced actions against several income scams that conned people out of hundreds of millions of dollars by falsely telling them they could make a lot of money. Updated on: July 31, 2019 / 1:58 PM / MoneyWatch. Consumers have a choice of up to $125 or free credit monitoring. 12. Get this delivered to your inbox, and more info about our products and services. Equifax Data Breach Settlement payout date Claims are due by January 22, 2024. Equifax gathers and combines data on more than 88 million organizations and over 800 million individual consumers worldwide. Make cash payments for Subscription Product Reimbursement; Purchase Restoration Services for all Settlement Class Members, regardless of whether they make a claim (see. The settlement administrator begins to look over recent time and money-related damage claims. All Extended Claims Period claims must be submitted by 1/22/2024and will be paid on a first-come-first-served basis. According to the London-based The Register, Equifax has hashed out an agreementto pay "all financial institutions in the United States" that issued a major credit card (so, Visa, Discover,. One lucky consumer said he got $22.82 from Equifax. Equifax started sending out payments to people affected by its massive 2017 data breach. Depending on the number of additional valid claims that are filed, the amount you receive may be a small percentage of your initial claim.