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News  Equifax Settlement

7/29/2019
  • Division of Banks

Equifax has entered into an agreement with federal and state authorities over its 2017 data breach that exposed the private information of nearly 150 million people. 

The settlement with the Consumer Financial Protection Bureau, the Federal Trade Commission, 48 states, the District of Columbia, and Puerto Rico would provide up to $425 million in monetary relief to consumers, a $100 million civil money penalty, and other relief.

A fact sheet containing information on the terms of the settlement as well as resources to learn more about the breach and to file a claim, can be found here.

  • Division of Banks 

    The Division of Banks (DOB) is the chartering authority and primary regulator for financial service providers in Massachusetts. DOB's primary mission is to ensure a sound, competitive, and accessible financial services environment throughout the Commonwealth.
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