Pa. Credit Union Association joins suit against Equifax

(Photo / Thinkstock)

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

Number of Leagues Joining CUNA’s Equifax Suit Rises Again

At least eight credit union leagues from all over the country are now plaintiffs in CUNA’s recent lawsuit against Equifax over the credit bureau’s huge data breach that exposed personal financial information for millions of people. 

The Pennsylvania Credit Union Association, Mountain West Credit Union Association and the Nebraska Credit Union League are among the latest to join the growing class-action suit over Equifax’s enormous data breach announced September 7.

The three leagues had harsh words about Equifax in their announcements. 

“We have not seen a data breach of this magnitude before and the potential […] Read more

Does Equifax’s Credit Monitoring Service Bar Users From Joining a Class-Action Suit Against Them?

CLAIM

If you sign up for Equifax’s credit-monitoring service, you cannot join any class-action lawsuit against the company.

MIXTURE

RATING

MIXTURE

WHAT’S TRUE

The terms of service for Equifax’s credit monitoring service, TrustedID Premier, say that users give up their right to participate in a class-action lawsuit or arbitration.

WHAT’S FALSE

Those who user TrustedID Premier do not give up their right to participate in a class-action lawsuit or arbitration against Equifax over the 2017 data breach.

ORIGIN

After the credit-reporting company Equifax revealed on 7 September 2017 that a cyber-attack had exposed personal data for 143 million U.S. residents, the company promoted its service TrustedID Premier […] Read more

A Class Action Suit Has Been Filed Against Equifax And You (Maybe) Qualify: Gothamist

In the wake of a data breach that put the personal data belonging to millions of Americans into the hands of hackers, lawyers in Portland, Oregon have filed a class action lawsuit against the credit reporting company Equifax—but learning whether you were part of one of the largest hacks in history, and what to do next, is anything but straightforward.

Bloomberg reports that the suit, filed in federal court Thursday night, alleges that “Equifax negligently failed to maintain adequate technological safeguards to protect [the plaintiffs’] information from unauthorized access by hackers.” The complaint continues, “Equifax knew and should have known […] Read more

Job Applicant Asks 9th Circ. To Revive State Farm Suit

By Adam Lidgett

Law360, New York (April 13, 2017, 1:38 PM EDT) —
A State Farm job applicant on Wednesday asked the Ninth Circuit to reverse a quick win given to the insurance company in his suit alleging that it improperly considers job applicants’ credit reports and fails to notify them of their rights, saying the district court erred in finding that he didn’t have standing.

Plaintiff Bobby Dutta filed his opening brief in the Ninth Circuit appealing a district […] Read more

Capital One Wants Credit Report Info Suit Tossed

By Martin O’Sullivan

Law360, New York (February 14, 2017, 1:20 PM EST) —
Capital One Bank NA has urged a Virginia federal judge to toss a proposed class action alleging it violated federal and Virginia equal credit opportunity laws by hiding information surrounding credit application denials, saying it is not required to reveal its source of adverse consumer information.

Lead plaintiff Albert Douglas in January sued Capital One, claiming the bank purposefully omitted details surrounding loan denials, including the consumer […] Read more