Banks’ $5.5 Million Settlement Over Equifax Data Breach Preliminarily Approved

Mealey's (June 15, 2020, 3:58 PM EDT) -- ATLANTA — Three weeks after a group of financial institutions (FIs) announced a $5.5 million settlement with Equifax Inc. over the credit-reporting giant’s 2017 data breach, a Georgia federal judge on June 4 granted preliminary approval to the agreement as being “fair, reasonable, and adequate” and greenlighting the class notification program (In Re:  Equifax Inc., Customer Data Security Breach Litigation, No. 1:17-md-02800, N.D. Ga.)....