News
Equifax May Owe You a $125 Payment. But Let’s Be Real, You’ll Get Much Less
The Federal Trade Commission (FTC) on June 22nd announced the outcome of a settlement with Equifax, one of the three major credit monitoring firms in the United States.
The settlement requires Equifax to pay somewhere between $500 and $700 million in restitution for a 2017 data breach that affected about 147 million people across the United States, according to Jacqueline Connor, a privacy attorney with the FTC. The amount of the settlement is the highest in U.S. history for a data breach and the number of people impacted represents almost half the United States’ population. That’s nearly every adult in the country who has credit.
In California alone, Hackers were able to access and expose the personal information of about 15 million people.
“Our credit status impacts nearly every aspect of our lives – from purchasing a home or a car to finding a job,” said California Attorney General Xavier Becerra. “The same Americans who had to immediately protect themselves from fraudsters or identify thieves will have to be vigilant for the rest of their lives. We encourage every eligible person to apply for the relief they are entitled to as part of our settlement.”
About $300 million of the settlement amount will go to making payments to Americans affected by the breach. Equifax will pay another $275 million in fines to close the investigation by the Consumer Financial Protection Bureau and to end legal action by states who filed lawsuits against the company.
The hackers, who have not yet been identified, penetrated Equifax’s data files and were able to steal social security numbers, credit card numbers, addresses and other personal data. The breach affected all 50 states, the District of Columbia and U.S. territories.
To compensate victims, Equifax has set up a website (EquifaxBreachSettlement. com) where you can first check to see if you were affected by the breach. Then, you can apply for a check payment of “up to” $125, or you can choose free credit monitoring with all three major credit bureaus for up to four years, a value of a little over $950. When that period is over, you can choose to opt in for free credit monitoring by Equifax for another six years.
Because “millions of people” affected have filed claims for the $125 payment option since the settlement announcement, the FTC, which is responsible for consumer protection across the country, says applying for a cash payment is not the best way to go. So, as an alternative, Equifax is primarily now offering free credit monitoring to its customers affected by the data breach. If you’re already signed up for a free credit monitoring service and intend to keep it for the next six months, then you can apply for the $125 payment.
“The pot of money that pays for that part of the settlement is $31 million,” the FTC said in a statement. “A large number of claims for cash instead of credit monitoring means only one thing: Each person who takes the money option will wind up only getting a small amount of money. Nowhere near the $125 they could have gotten if there hadn’t been such an enormous number of claims filed.”
For Equifax to have paid out the full $125 to each person affected, a number of no more than 248,000 people would have needed to apply. If all 147 million people end up filing a claim, individual payouts would shrivel down to around .22 cents per person.
The cost for Equifax’s credit monitoring service is $19.99 a month, according to the company’s website. If every victim of the breach signs up, it could cost Equifax up to $2 billion to cover the costs.
Victims of identity theft or other fraud resulting directly from the breach who have documentation to back up their claim, will receive compensation of $25 an hour (for up to 20 hours) of the time they took to resolve the problem. They will be eligible for up to another 10 hours of $25-an-hour payments for the time they took to research or purchase protection services, including freezing their credit, after the fraud happened.
Those who incurred legal expenses or spent money on credit monitoring, notaries and other approved fines as a result of the hack, are eligible for up to $20,000 per person in reimbursements. They will also be required to show proof that their claims are valid.
The deadline to file all claims is Jan. 22, 2020.
Activism
Oakland Post: Week of April 17 – 23, 2024
The printed Weekly Edition of the Oakland Post: Week of April 17 – 23, 2024
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California Black Media
Yahushua’s Law: Senate Advances Bill to Protect Students from Extreme Weather
In a significant move towards student safety, the California Senate Education Committee passed Senate Bill (SB) 1248, also known as Yahushua’s Law, on April 3. The bill is named in memory of Yahushua Robinson, a 12-year-old student from Lake Elsinore, who tragically died due to a heat-related illness during a physical education class in 2023. It is a pioneering effort to prevent similar incidents in the future.
By California Black Media
In a significant move towards student safety, the California Senate Education Committee passed Senate Bill (SB) 1248, also known as Yahushua’s Law, on April 3.
The bill is named in memory of Yahushua Robinson, a 12-year-old student from Lake Elsinore, who tragically died due to a heat-related illness during a physical education class in 2023. It is a pioneering effort to prevent similar incidents in the future.
Authored by Senator Melissa Hurtado (D-Bakersfield) and co-authored by Assemblymember Akilah Weber, M.D. (D-La Mesa), SB 1248 directs the California Department of Education to develop comprehensive guidelines for schools regarding student activity during all extreme weather conditions.
“No student should ever lose their life on campus to extreme weather when we can take steps to protect them by preparing statewide plans to minimize exposure to the most harmful elements of exposure,” Hurtado said after introducing SB 1248.
The bill stipulates that schools must implement safety measures which include monitoring weather forecasts, postponing or relocating outdoor activities during hazardous conditions, and ensuring students have proper hydration and access to shade. It also requires schools to establish clear communication plans to keep parents, teachers, and students informed about potential weather hazards.
Supporters of the bill include the Robinson family, advocate Christina Laster, Bold Enterprises LLC, California Black Women’s Collective Empowerment Institute, Familias Empoderadas del Valle Central National Action Network, The Black Student Advocate, and the Ventura County Alumnae Chapter of Delta Sigma Theta Sorority.
Thanking Hurtado for introducing this crucial legislation, Weber said, “The story of Yahushua Robinson last year was heartbreaking. We have protections for farm workers and other industries in the case of extreme weather, now climate change is forcing us to also extend similar protections to students at school.”
Barbara Lee
Congresswoman Barbara Lee Issues Statement on Deaths of Humanitarian Aid Volunteers in Gaza
On April 2, a day after an Israeli airstrike erroneously killed seven employees of World Central Kitchen (WCK), a humanitarian organization delivering aid in the Gaza Strip, a statement was release by Rep. Barbara Lee (D-CA-12). “This is a devastating and avoidable tragedy. My prayers go to the families and loved ones of the selfless members of the World Central Kitchen team whose lives were lost,” said Lee.
By California Black Media
On April 2, a day after an Israeli airstrike erroneously killed seven employees of World Central Kitchen (WCK), a humanitarian organization delivering aid in the Gaza Strip, a statement was release by Rep. Barbara Lee (D-CA-12).
“This is a devastating and avoidable tragedy. My prayers go to the families and loved ones of the selfless members of the World Central Kitchen team whose lives were lost,” said Lee.
The same day, it was confirmed by the organization that the humanitarian aid volunteers were killed in a strike carried out by Israel Defense Forces (IDF). Prior to the incident, members of the team had been travelling in two armored vehicles marked with the WCF logo and they had been coordinating their movements with the IDF. The group had successfully delivered 10 tons of humanitarian food in a deconflicted zone when its convoy was struck.
“This is not only an attack against WCK. This is an attack on humanitarian organizations showing up in the direst situations where food is being used as a weapon of war. This is unforgivable,” said Erin Gore, chief executive officer of World Central Kitchen.
The seven victims included a U.S. citizen as well as others from Australia, Poland, the United Kingdom, Canada, and Palestine.
Lee has been a vocal advocate for a ceasefire in Gaza and has supported actions by President Joe Biden to airdrop humanitarian aid in the area.
“Far too many civilians have lost their lives as a result of Benjamin Netanyahu’s reprehensible military offensive. The U.S. must join with our allies and demand an immediate, permanent ceasefire – it’s long overdue,” Lee said.
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