Credit Reporting Agency Equifax To Settle With FTC For $650M

Credit Reporting Agency Equifax To Pay $650 Million Settlement With Federal Trade Commission

credit reporting agency
Credit reporting agency Equifax will pay around $650 million to settle with the Federal Trade Commission. The credit reporting agency experienced a massive data breach in 2017. The breach exposed Social Security numbers and other private information of nearly 150 million people.
The Wall Street Journal said the settlement could be announced as soon as Monday. Equifax declined to comment.
The report says the deal would resolve investigations by the FTC and the Consumer Financial Protection Bureau. It would also end investigations by most state attorneys general. It would also resolve a nationwide consumer class-action lawsuit.
Spokesmen for the FTC and the CFPB didn’t immediately return messages seeking comment Friday night.

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