Pa. Credit Union Association joins suit against Equifax

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A trade group representing Pennsylvania credit unions has joined a class-action lawsuit against Equifax, saying financial institutions will incur years of fraud-related expenses because of the recent data breach at the company.

The Pennsylvania Credit Union Association is one of eight state and regional trade groups to join the suit since the Credit Union National Association filed it Oct. 4.

The complaint alleges that credit unions will be on the hook for costs like canceling and reissuing compromised credit cards, reimbursing members for fraudulent charges, increasing fraudulent activity monitoring and notifying members of fraud on their […] Read more