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Equifax Data Breach Victims Drained Its $31 Million Settlement Fund in a Week

So many people have made claims in the data-breach settlement against consumer credit rating agency Equifax that, according to the Federal Trade Commission, each claimant is now likely to get “nowhere near” the $125 payout that was initially promised to victims in lieu of free credit monitoring. The FTC outlined the problem in a blog post on July 31st, just days after the settlement was reached and the claims process was launched...

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