Equifax Faces Multibillion-Dollar Lawsuit Over Hack
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Equifax Faces Multibillion-Dollar Lawsuit Over Hack
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Re: Equifax Faces Multibillion-Dollar Lawsuit Over Hack
#2Not if everyone signs up for free credit monitoring as their settlement.
Re: Equifax Faces Multibillion-Dollar Lawsuit Over Hack
#3The super fucked up part is that it automatically signs you up for their "Credit protection" if you use their site to see if you were impacted. Doesn't ask if you'd like to, just says "Thanks for signing up, your year starts now!"
Re: Equifax Faces Multibillion-Dollar Lawsuit Over Hack
#4Not if everyone signs up for free credit monitoring as their settlement.
Gee, does that automatically settle the claim? I suppose it only would if there were some kind of agreement you make when you apply for the service.
I take some mild comfort knowing that > 90% of US adults likely have been impacted (wild guess at US folks who have ever applied for credit -- or it's probably a good amount smaller number if the scope is ever-requested-a-credit-report).
Re: Equifax Faces Multibillion-Dollar Lawsuit Over Hack
#5I'm not excited about this class action; If they win, the individual payout will be almost nothing ($10?). The lawyers are the only ones who will really "make out" with 10's of millions in fees.
There is also a disproportionate effect in that a small portion of the 143 million affected will have a large impact, i.e., "identity theft" while most will be unaffected.
I think a fund setup to help those who are directly affected is a better idea. This could be done through government action where penalty proceeds are turned into a fund. In other worse, similar to the BP oil spill in the gulf where the fund helped those who lose income or suffered property damage.
Re: Equifax Faces Multibillion-Dollar Lawsuit Over Hack
#6Not if everyone signs up for free credit monitoring as their settlement.
Gee, does that automatically settle the claim? I suppose it only would if there were some kind of agreement you make when you apply for the service. I take some mild comfort knowing that > 90% of US adults likely have been impacted (wild guess at US folks who have ever applied for credit -- or it's probably a good amount smaller number if the scope is ever-requested-a-credit-report).
Not that it changes your point, but I'd put the percent impacted a lot lower than 90%. There's a large underclass of people who don't even have a bank account let alone a credit account of any type. A lot of poor people still basically live by cash and EBT-card.
I'd put it closer to 75% max.
Re: Equifax Faces Multibillion-Dollar Lawsuit Over Hack
#7The super fucked up part is that it automatically signs you up for their "Credit protection" if you use their site to see if you were impacted. Doesn't ask if you'd like to, just says "Thanks for signing up, your year starts now!"
do the TOS require one to only go through mediation as a part of this, so by signing up you waive your right to sue?
Re: Equifax Faces Multibillion-Dollar Lawsuit Over Hack
#8The super fucked up part is that it automatically signs you up for their "Credit protection" if you use their site to see if you were impacted. Doesn't ask if you'd like to, just says "Thanks for signing up, your year starts now!"
do the TOS require one to only go through mediation as a part of this, so by signing up you waive your right to sue?
Yup
Re: Equifax Faces Multibillion-Dollar Lawsuit Over Hack
#9>In the complaint filed in Portland, Ore., federal court, users alleged Equifax was negligent in failing to protect consumer data, choosing to save money instead of spending on technical safeguards that could have stopped the attack.
Doesn't "users" imply that we had a choice in the matter? As if we're Equifax's customers? I feel more like we're victims in this case.
Re: Equifax Faces Multibillion-Dollar Lawsuit Over Hack
#10The super fucked up part is that it automatically signs you up for their "Credit protection" if you use their site to see if you were impacted. Doesn't ask if you'd like to, just says "Thanks for signing up, your year starts now!"
Actually, since I'm affected, I got a different message. It's even worse.
They gave me a date in September that I have to remember to come back and sign up for. It's the equivalent of grabbing a ticket in the deli line.
Look at this text: "Please be sure to mark your calendar as you will not receive additional reminders. On or after your enrollment date, please return to faq.trustedidpremier.com and click the link to continue through the enrollment process".
That's enraging. You tell me I'm affected and now I have to come back at some date/time and sign up? At least it has given me the time to read all the comments about waiving class action participation.