The FTC's Settlement With Equifax Is Such A Joke, The FTC Is Now Begging You Not To Ask For A Cash Settlement

The FTC's Settlement With Equifax Is Such A Joke, The FTC Is Now Begging You Not To Ask For A Cash Settlement

5 years ago
Anonymous $9jpehmcKty

https://www.techdirt.com/articles/20190731/16235842691/ftcs-settlement-with-equifax-is-such-joke-ftc-is-now-begging-you-not-to-ask-cash-settlement.shtml

Last week there was a bit of news as the FTC released a proposed settlement between the FTC and Equifax over the data brokers' massive security breach that came to light nearly two years ago. We had already noted that the FTC's way of dealing with Equifax seemed particularly tone deaf, but it's getting worse. Much worse. As you may have heard, part of the "settlement" with Equifax is that you could sign up to get $125 from the company (or possibly more). It was either that or free credit monitoring. But, come on: everyone already has so many "free credit monitoring" services from previous breaches that this is a totally meaningless offer. It also costs nothing for Equifax.

So, over the past week or so a ton of (helpful) news sites have been posting explainers on how to get your $125. Except... apparently too many people signed up and now the FTC is helping Equifax by telling people not to ask for money from the company any more. First, the FTC literally deleted that option from its website:

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