{"id":1260,"date":"2024-12-20T05:55:51","date_gmt":"2024-12-20T05:55:51","guid":{"rendered":"https:\/\/www.soscip.org\/us\/?p=1260"},"modified":"2024-12-20T05:55:52","modified_gmt":"2024-12-20T05:55:52","slug":"equifax-issues-additional-settlement-payments","status":"publish","type":"post","link":"https:\/\/www.soscip.org\/us\/equifax-issues-additional-settlement-payments\/","title":{"rendered":"Equifax Issues Additional Settlement Payments: What Eligible Claimants Need to Know"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">In 2017, a data breach at Equifax exposed the private information of 147 million Americans, marking one of the largest data security failures in history. Now, affected individuals who previously filed valid claims may be eligible for <strong><a href=\"https:\/\/www.soscip.org\/us\/equifax-issues-additional-settlement-payments\/\" data-type=\"link\" data-id=\"https:\/\/www.soscip.org\/us\/equifax-issues-additional-settlement-payments\/\">additional settlement payments<\/a><\/strong> due to leftover funds from the $425 million settlement. Here\u2019s everything you need to know about these new payments and how they\u2019re being distributed.<\/p>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\" id=\"rank-math-toc\"><h2>Table of Contents<\/h2><nav><ul><li><a href=\"#the-2017-data-breach-and-subsequent-settlement\">The 2017 Data Breach and Subsequent Settlement<\/a><\/li><li><a href=\"#why-are-additional-payments-being-sent\">Why Are Additional Payments Being Sent?<\/a><\/li><li><a href=\"#who-is-eligible-for-additional-payments\">Who Is Eligible for Additional Payments?<\/a><\/li><li><a href=\"#services-for-all-affected-customers\">Services for All Affected Customers<\/a><\/li><li><a href=\"#what-you-should-do-next\">What You Should Do Next<\/a><\/li><li><a href=\"#key-takeaway\">Key Takeaway<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"the-2017-data-breach-and-subsequent-settlement\"><strong>The 2017 Data Breach and Subsequent Settlement<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In September 2017, Equifax announced that its systems had been compromised, exposing sensitive personal data like Social Security numbers, birthdates, and financial information.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The breach triggered widespread legal action, with the Federal Trade Commission (FTC), the Consumer Financial Protection Bureau (CFPB), and 50 U.S. states and territories filing a class-action lawsuit against Equifax. In July 2019, Equifax agreed to a <strong>global settlement of up to $425 million<\/strong> to compensate affected individuals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The final deadline to file claims for compensation was January 22, 2024, and eligible claimants were reimbursed for:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Out-of-pocket costs<\/strong> related to identity theft or fraud.<\/li>\n\n\n\n<li><strong>Time spent<\/strong> addressing issues caused by the breach.<\/li>\n\n\n\n<li><strong>Alternative compensation<\/strong> ($125) for those who opted out of Equifax\u2019s credit monitoring services.<\/li>\n<\/ol>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.soscip.org\/us\/missed-cash-app-class-action-settlement-deadline\/\" data-type=\"post\" data-id=\"999\">Missed the Cash App Class Action Settlement Deadline? Here\u2019s What You Need to Know Next<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.soscip.org\/us\/capital-one-bank-settlement-2024-payouts\/\" data-type=\"post\" data-id=\"900\">Capital One Bank Settlement 2024: Payouts, Eligibility, and Key Dates<\/a><\/p>\n<\/blockquote>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"why-are-additional-payments-being-sent\"><strong>Why Are Additional Payments Being Sent?<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Recently, many claimants received notifications about <strong>new settlement payments<\/strong>, prompting questions about their validity. The FTC and the official Equifax settlement website confirm that these additional payments are legitimate.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here\u2019s why:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Some of the settlement funds remain unused because certain claimants did not cash their checks or failed to provide necessary tax information.<\/li>\n\n\n\n<li>According to the settlement agreement, leftover funds cannot revert to Equifax. Instead, they must be distributed among eligible claimants.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">As a result, additional payments are being issued to those who previously received compensation.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.soscip.org\/us\/equifax-data-breach-settlement\/\" data-type=\"post\" data-id=\"23\">Equifax Data Breach Settlement: Amount, Deadlines and Compensation<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.soscip.org\/us\/claim-cash-3-65m-t-mobile-employment-settlement\/\" data-type=\"post\" data-id=\"371\">Claim Your Cash: $3.65M T-Mobile Employment Class Action Settlement<\/a><\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\"><a href=\"https:\/\/www.soscip.org\/us\/16-million-capital-one-settlement\/\" data-type=\"post\" data-id=\"215\">$16 Million Capital One Settlement: Are You Eligible for a Payment or Credit?<\/a><\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\"><a href=\"https:\/\/www.soscip.org\/us\/2m-bosch-appliances-class-action-settlement-2024\/\" data-type=\"post\" data-id=\"386\">$2M Bosch Home Appliances Class Action Settlement 2024: Claim Cash or Extended Benefits<\/a><\/p>\n<\/blockquote>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"who-is-eligible-for-additional-payments\"><strong>Who Is Eligible for Additional Payments?<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Only individuals who:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Filed a valid claim<\/strong> before the January 22, 2024, deadline, and<\/li>\n\n\n\n<li><strong>Previously received a payment<\/strong> for Time Spent or Alternative Compensation,<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">are eligible for the pro rata additional payments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>How Payments Will Be Sent<\/strong><br>The settlement administrator began distributing <strong>prepaid cards<\/strong> in November 2024. These cards will be sent via email from:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>distribution@equifaxbreachsettlement.com<\/strong><\/li>\n\n\n\n<li><strong>info@equifaxbreachsettlement.com<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Claimants should check their email (including spam folders) for notices.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"services-for-all-affected-customers\"><strong>Services for All Affected Customers<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Even if you didn\u2019t file a claim, Equifax is still offering:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Free identity restoration services<\/strong><\/li>\n\n\n\n<li><strong>Credit monitoring services<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">These services are available to all affected customers in the U.S., regardless of whether they participated in the settlement.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"what-you-should-do-next\"><strong>What You Should Do Next<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">If you\u2019re eligible for additional payments:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Watch your email<\/strong> for a notification about the prepaid card.<\/li>\n\n\n\n<li>Ensure that the email comes from one of the official addresses listed above.<\/li>\n\n\n\n<li>Redeem your prepaid card promptly to avoid delays.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">For further details, visit the official Equifax settlement website or contact the settlement administrator.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.soscip.org\/us\/claim-2500-cash-app-class-action-settlement\/\" data-type=\"post\" data-id=\"1006\">Claim Up to $2,500 Cash App Class Action Settlement: Check if You are Eligible<\/a><\/p>\n<\/blockquote>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"key-takeaway\"><strong>Key Takeaway<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Equifax data breach settlement is still benefiting affected individuals even years later. If you were impacted by the breach and filed a claim, keep an eye out for your additional payment. Meanwhile, Equifax continues to provide free identity protection services to help mitigate the risks of this historic security breach.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2017, a data breach at Equifax exposed the private information of 147 million Americans, marking one of the largest data security failures in history. Now, affected individuals who previously filed valid claims may be eligible for additional settlement payments due to leftover funds from the $425 million settlement. Here\u2019s everything you need to know&nbsp;<a class=\"read-more\" href=\"https:\/\/www.soscip.org\/us\/equifax-issues-additional-settlement-payments\/\">Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":1263,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/www.soscip.org\/us\/wp-json\/wp\/v2\/posts\/1260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.soscip.org\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.soscip.org\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.soscip.org\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.soscip.org\/us\/wp-json\/wp\/v2\/comments?post=1260"}],"version-history":[{"count":2,"href":"https:\/\/www.soscip.org\/us\/wp-json\/wp\/v2\/posts\/1260\/revisions"}],"predecessor-version":[{"id":1262,"href":"https:\/\/www.soscip.org\/us\/wp-json\/wp\/v2\/posts\/1260\/revisions\/1262"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.soscip.org\/us\/wp-json\/wp\/v2\/media\/1263"}],"wp:attachment":[{"href":"https:\/\/www.soscip.org\/us\/wp-json\/wp\/v2\/media?parent=1260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.soscip.org\/us\/wp-json\/wp\/v2\/categories?post=1260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.soscip.org\/us\/wp-json\/wp\/v2\/tags?post=1260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}