New settlement for the Equifax data breach
 

Looks like an easy $125, or you can choose 10 years of credit monitoring, or you can claim hours or other expenses.

https://www.consumer.ftc.gov/blog/2019/07/equifax-data-breach-settlement-how-claim-your-benefits

Already done. I'll take $125. Now, just have to deal with the Capital One mess.

Pizzes me off bigly. The people you count on to protect your data aren't up to the task? Fark me.

You mean the data they never should have been able to collect on you in the first place? This whole thing pisses me off. My daughter and I were on the phone with equifax the other day trying to get a freeze lifted for 24 hours so she could get a credit card. We gave them all the information they asked for, they never once asked for the code we received when placing the lock on her credit, and at the end the person said you're going to need to mail us more proof of identity. They then asked for her birth certificate and a few other things. I asked the person "why? because the people that hacked your system didn't get enough information the first time?"

Equifax should have been liquidated and Transunion and Experian put on notice.

All three suck...just like banks :(. Haven't unfrozen mine since the breach....used to be painless over the years...even easier. Have had mine frozen at all three for mebbe 15 years (snail mail daze)...Equifax was always the one being used....at least for me.

The thing that got under my skin the most was having to pay these asshats to put a freeze on my credit and then pay each time I wanted to unfreeze. These pricks had to be part of the mafia or something. "Pay up or else"

Don’t hold your breath. They don’t have enough money set-aside to pay everyone $125 if everyone that is affected applies. The payout might be a lot lower and you won’t get it until next year sometime.

Looks complicated.

https://slate.com/technology/2019/07/equifax-settlement-125-credit-monitoring-details.html

IF they monitor your credit half as well as they protected your data......

The silver lining now is that I sincerely doubt any judge/court/jury will ever hold anyone responsible for the consequences of identity theft anymore. How could they ? Everything is now out there...
My stuff's been frozen for years now, works a treat - I generally unfreeze for a day via cell phone when leasing a car every few years.

Identity theft should be life in prison. A third world country prison.

With a new identity such as Betty Tightass.

Actually you can do that.

https://news.yahoo.com/mastercard-allows-name-choice-nod-140000506.html
(Bloomberg) -- Mastercard Inc. will allow transgender customers to use their chosen names on credit and debit cards.

The company is working with its banking partners to introduce True Name cards that will let customers use the name they want on their cards without requiring a legal name change

I pay off the Mastercard every month.
But some of the charges started showing up as "pending"..even though the purchases were made many days before.
Then I realized they are charging me 25% interest for those transactions they didn't process.

Now in the process of switching banks and cc lenders.

I have had many pending charges, but have never been charged interest for pending transaction on my Citi MC.

Sorry, you’re not getting $125 from the Equifax settlement, FTC says

Payout pool is too full, so FTC urges consumers to get free credit monitoring instead
MIKE MURPHY EDITOR

Remember that $125 you could have gotten from the Equifax Inc. data-breach settlement? Yeah, never mind.

The Federal Trade Commission announced Wednesday that, due to an overwhelming response, cash payments aren’t going to be anywhere near $125 each, and urged consumers to sign up for the free credit monitoring offered as an alternative.

About 147 million people were affected by the 2017 Equifax EFX, -0.64% breach, but only $31 million was set aside for payments as part of the $700 million settlement, announced last week. A quick bit of math shows that for everyone to have gotten $125 from that pot, there would have to be only 248,000 claimants. While the FTC didn’t give a number, they said there were already “an enormous number of claims filed.”

“A large number of claims for cash instead of credit monitoring means only one thing: each person who takes the money option will wind up only getting a small amount of money,” the FTC said in a blog post Wednesday.

“So, if you haven’t submitted your claim yet, think about opting for the free credit monitoring instead,” the FTC said. “Frankly, the free credit monitoring is worth a lot more.”

Consumers can get four years of free credit monitoring and identity protection from Equifax and its two fellow major credit bureaus, Experian EXPN, +1.76% and TransUnion TRU, -0.29% . After those four years, Equifax is offering an extra six years of credit monitoring.

The agency noted that consumers who had to pay out-of-pocket expenses due to the breach are still entitled to reimbursement if they submit a claim, as that money comes from a separate fund.

To get more information, or to find out if your data was exposed in the breach or file a claim, go to ftc.gov/Equifax.

https://www.marketwatch.com/story/sorry-youre-not-getting-125-from-the-equifax-settlement-ftc-says-2019-07-31?siteid=yhoof2&yptr=yahoo

What BS. Only $31 million out $700 million was set aside for claimants. So where are the remaining $669 million going? Free credit monitoring doesn't cost Equifax a thing.

I read that it could take up to 4.5 years, but you will get the full $125. The $31M is just a starting number. It will actually cost Equifax a lot more to provide monitoring, which is actually the more valuable settlement.

Unless you already have YEARS of free credit monitoring from one of the many, MANY other breaches.