CUNA, counsel brief 500+ CUs on post-Equifax breach options

first_img continue reading » 19SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr CUNA and outside counsel discussed credit unions’ legal rights in the wake of the Equifax data breach, including potential participation in class action lawsuits, with more than 500 credit unions in a call Tuesday. CUNA announced it will file a lawsuit against Equifax as a result of the breach.First announced last month, the Equifax data breach occurred between May and July of this year, with hackers accessing 145.5 million consumers’ personally identifiable information (PII), and another 200,000 payment cards’ data.Joseph Guglielmo, attorney with Scott and Scott, who is representing CUNA in its lawsuit, outlined a few things credit unions should be aware of, should they decide to get involved as a named plaintiff. Becoming a plaintiff means retaining a law firm to file on your behalf.The credit union would then need to be involved on a periodic basis at key junctures in the case.last_img

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