Warren: FTC’s $125 cash option in Equifax settlement “misled” customers

Warren: FTC’s $125 cash option in Equifax settlement “misled” customers

5 years ago
Anonymous $ZuTig1gZkQ

https://arstechnica.com/tech-policy/2019/08/warren-ftcs-125-cash-option-in-equifax-settlement-misled-customers/

Equifax's massive 2017 data breach screwed over more than 140 million people, so it was not terribly surprising when tens of millions of people jumped at the opportunity to claim cash money in compensation. The Federal Trade Commission, however, apparently was surprised. A few days after the settlement claims page went public, the option for affected consumers to claim cash vanished, with the agency citing "overwhelming" and "unexpected" public response.

Sen. Elizabeth Warren (D-Mass.) is now among the many who were frustrated by the FTC's apparently questionable description of the settlement, and she's calling on the agency to investigate its own claims about available consumer compensation.

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