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

Once again the Trump administration through its Federal Trade Commission screws the American consumer.

Seven hundred million dollars was what we heard as the settlement for allowing people to get access to our private information. I know I was part of this breach because I had to deal with several hacks into my accounts which took hours on the phone and online to get fixed.

But Wait

In fact they’re only giving 31 million dollars in cash the rest is another bait-and-switch by Equifax. Basically they’re giving you three years of free credit monitoring which costs them nothing! They are the credit bureau!

So we were told 700 million but in fact 669 million dollars remains in Equifax has greedy hands.

WOW, what a great settlement for Equifax. American consumers we need to stand up and start protesting, we are not a commodity we are a customer.

I wonder if a President Elizabeth Warren would have agreed with this!

AVB

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