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Ing to the settlement terms, Equifax agreed to create a fund to offer clients free credit monitoring, identity theft protection, and cash payouts of up to $20,000 apiece to those impacted by the incident. The business must additionally pay court costs and fines from the government.

While consumers who sought up to $125 began receiving payments last week, the amount they end up getting will likely be far less, ing to the settlement administrator. On Twitter, users have reported receiving small payments, with amounts ranging from $2.64 or $5.21 to $21.06 and $40.44.

Cash reimbursement requests for payment (to repay money you lost, or pay for time you spent recovering from the data breach) that were submitted before the deadline of January 22, 2022, are scheduled to be sent starting in mid-December 2022.

Status of financial reimbursement You'll receive the payment in the form you requested when you filed your claim?check, PayPal transfer to your account, or prepaid card. For more details and to check your claim status, visit EquifaxBreachSettlement.com .

Affected Consumers are U.S. consumers whose personal information was impacted by the Equifax breach. Once the MDL Court approves this settlement, you will be able to find out if you are an Affected Consumer: Online by clicking on the ?Am I Impacted? button at .EquifaxBreachSettlement.com; or.

The company has agreed to a global settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau, and 50 U.S. states and territories.

Equifax Data Breach Settlement Summary Payments for eligible claims were sent starting this past December. I received an envelope with a check for $14.90; a far cry from the $125 one-time cash payment that had been touted by the FTC after the settlement.