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Equifax doesn't want consumers to get their $125

nytimes.com

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Re: Equifax doesn't want consumers to get their $125

#161

Post by aloknnikhil »

harryh wrote: post #154
aloknnikhil wrote: post #152

Earlier quoted context omitted.

Your original comment, before you edited it, did not call that out. You specified the 425 million as only for people affected by the breach. And that's not what it was for. Anyhow, how do you know there have been exactly 0 incidents? Where do you even begin to trace any incident back to this breach as the cause? Claiming it as non-existent is a bit naive. The damage has been done. Your information is out there. Again…

There are numerous credit monitoring services you can use for free. There is no need for you to get any money to use one. I personally like CreditKarma.com

It's not about you though. People have choices. They don't trust a free service, because you more often than not end up being the product. Again, not claiming Credit Karma sells your data (on the contrary the CEO claims it's only for selling ads based on your credit report)

https://www.reddit.com/r/IAmA/comments/2qq95l/i_am_the_found...

But it's my choice as a consumer. Do you make all of your choices with only cost as the factor? Probably not. Or at least not when it comes to security. So, people will have their preferences. But apparently not, if you're party to this settlement.

Re: Equifax doesn't want consumers to get their $125

#162

Post by probablyexists »

pas wrote: post #58
mlrtime wrote: post #54

Earlier quoted context omitted.

HN definitely has a pitchfork mentality similar to other groups. It also leans politically left. It's not as bad as reddit yet but it is slowly getting that way (waiting for downvotes).

What does political leaning has to do with IT sec?

It is a pretty common tactic on general topic websites lately. It is easier to dismiss comments without actual reasoning if you assume they are from people that don't align with your political views.

Re: Equifax doesn't want consumers to get their $125

#163

Post by thedanbob »

camhenlin wrote: post #133
ScoJoh wrote: post #131

Don't know if anyone posted this before, but if you scroll down to #25 here: https://www.equifaxbreachsettlement.com/faq You can send a letter to the Courts and let them know why you do or don't think this is a sufficient and decent settlement. Share it, let's get people writing in, because this lets Equifax keep really everything and in the end little real effect from their failure to take care of the information th…

Thanks for posting this. My wife and I already have credit monitoring so we’ve been very frustrated that it seems like Equifax will be weaseling out of paying us our $125 each. We’ll be sending a couple of letters today. Personally I’d like to see the courts rethink the settlement and force the $125 payout to everyone who requested it.

I'd like to see the courts force Equifax to pay $X to everyone whose information they leaked, whether they request it or not. But this settlement doesn't seem to be about actually punishing Equifax at all or fairly recompensing those affected.

Re: Equifax doesn't want consumers to get their $125

#164

Post by smolder »

benj111 wrote: post #130
Fjolsvith wrote: post #117

Earlier quoted context omitted.

He sure made some people's lives better.

Yes, but only a small demographic that actually votes. If only 1% of the population actually votes, elected representatives will tend to represent that 1%. If you cede the centre ground you get extremists. Say what you like about Trump, he managed to get his target demographic fired up and out to vote. $boring_reasonable_politician doesn't have the same ability by their nature to get people fired up, but we still nee…

Their loyalty lies mostly with campaign financers. If campaign financers want a different outcome than voters, they get it.

Re: Equifax doesn't want consumers to get their $125

#165

Post by notyourday »

belenos46 wrote: post #125
pas wrote: post #55

Earlier quoted context omitted.

Could someone explain what non-automated underwriting means? And what does confirming mean in this sense? I get that they win compared to those who use more labor, but still some details would be nice :)

Automated underwriting is a computer program that takes your vital statistics as input (age, income, probably some illegal things like race and physical location of the house you're trying to buy [in RE lending, this is called "red-lining" and is illegal.]) and outputs a yes-or-no answer, sometimes with hints about what need to be changed to get a yes. Manual underwriting is the same thing, only it's a person doing t…

Because one is a conforming loan and the other one is a non-conforming, which would mean that the issuer would have to hold the paper.

Re: Equifax doesn't want consumers to get their $125

#166

Post by simonebrunozzi »

degenerate wrote: post #135
ScoJoh wrote: post #131

Don't know if anyone posted this before, but if you scroll down to #25 here: https://www.equifaxbreachsettlement.com/faq You can send a letter to the Courts and let them know why you do or don't think this is a sufficient and decent settlement. Share it, let's get people writing in, because this lets Equifax keep really everything and in the end little real effect from their failure to take care of the information th…

To be clear, can anyone assumedly become a "Settlement Class Member" simply by being an American citizen or having an SSN ( and thus being affected by the breach? ) edit: Thanks for replies; the answer is "no". You can check if you were affected on the settlement homepage under "I would like to..." I was not affected by the breach, so a letter from me would not matter.

Small correction: you don't need to be an American "citizen" to be affected; it suffices to have credit history in the US (e.g. permanent residents, etc).

Re: Equifax doesn't want consumers to get their $125

#167

Post by keehun »

ulkesh wrote: post #144
CaliforniaKarl wrote: post #3

tl;dr: For those who applied for the $125 payout option in the Equifax data breach settlement, you should've gotten an email requiring that you provide more information by October 15, or that your claim would be denied. The FTC confirms it's legit: https://www.ftc.gov/enforcement/cases-proceedings/refunds/eq... (FAQ 4 item 2) The article's author says Gmail filed it into the 'Promotions' folder.

I received no such email and I signed up fairly quickly for the $125. I've checked my spam folder as well as everywhere else, they simply haven't sent me such an email.

I also haven't gotten anything from them, yet!

Re: Equifax doesn't want consumers to get their $125

#169

Post by gscott »

amalcon wrote: post #115
exabrial wrote: post #76

Everyone needs to realize that the whole "fine" was just an inside deal. Who do you think provides credit monitoring services? That's right, credit bureaus. That's why the they're pushing everyone to take the "free credit monitoring", so they recover the loss from the fine. If they were to pay all 140 million people $125, the sum would be $17b or so, which is an appropriate fine.

It's doubly painful, because the "free credit monitoring" on offer is provided by Equifax -- the exact company whose competence we don't trust anymore. The compensation for being affected by Equifax's security failure is a gratis security offering from that same company. For crying out loud, they could have at least paid Experian or TransUnion to do the monitoring: while they are just as shady, we don't have immediat…

Also as soon as the breach happened Equifax started running on TV ads promoting their monitoring service for a fee.

They also made money from people freezing their credit and unfreezing their credit they charge a fee to unfreeze the credit report. I can't remember the exact amount but I think they wanted $10 from me to unfreeze my credit report early so I just waited out the freeze period instead... Which was inconvenient.

Re: Equifax doesn't want consumers to get their $125

#170

Post by benj111 »

smolder wrote: post #164
benj111 wrote: post #130

Earlier quoted context omitted.

Yes, but only a small demographic that actually votes. If only 1% of the population actually votes, elected representatives will tend to represent that 1%. If you cede the centre ground you get extremists. Say what you like about Trump, he managed to get his target demographic fired up and out to vote. $boring_reasonable_politician doesn't have the same ability by their nature to get people fired up, but we still nee…

Their loyalty lies mostly with campaign financers. If campaign financers want a different outcome than voters, they get it.

But then you're back to not voting and getting a Trump again.

Not voting is not a solution.

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