Equifax Settlement on CBS This Morning
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 26 July 2019
⏱️ 4 minutes
🧾️ Download transcript
Summary
After a huge data breach in 2017, credit monitoring agency Equifax agreed to pay out $700 million, up to $425 million of which would establish a fund to compensate consumers. About 147 million people, nearly half of the country’s population, had their personal and financial information exposed. Equifax admits “no wrongdoing,” and a federal court still needs to sign off on the settlement. I joined CBS This Morning to discuss how you can find out if you’re eligible for a payment.
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Transcript
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| 0:00.0 | Welcome to the Jill on Money Podcast. It's a bonus episode. Did you hear about the |
| 0:08.2 | Equifax settlement? It's going to be up to 700 million dollars and want to |
| 0:12.3 | know how this impacts you. Listen to this. It's my |
| 0:15.2 | I on Money segment on CBS this morning. Each Tuesday our I on Money series |
| 0:20.3 | looks at financial issues affecting Americans. |
| 0:22.8 | Well, this morning, we are focusing on an unprecedented agreement |
| 0:26.2 | by the Credit Monitoring Agency Equifax. |
| 0:28.8 | It will pay up to $700 million |
| 0:31.1 | after a huge data breach in 2017. Up to 425 million |
| 0:35.6 | of that would establish a fund to compensate consumers. About 147 |
| 0:40.9 | million people that's nearly half the country's population had their |
| 0:44.5 | personal and financial information exposed. Equifax admits no wrongdoing |
| 0:49.7 | and a federal court still needs to sign off on the settlement. |
| 0:52.8 | So to find out if you are eligible for a payout, |
| 0:55.6 | we are joined by CBS News Business analyst, |
| 0:57.8 | Jill Schlesinger. |
| 0:59.2 | Always great to see you. |
| 1:00.6 | Good to see you. |
| 1:01.2 | Good to see you. Good morning. |
| 1:01.7 | So this settlement, if it's approved by the courts who will be eligible so |
| 1:05.9 | again of those 147 million people some of them don't even know they were impacted |
| 1:11.1 | way back when almost two years ago when the breach occurred you they were |
... |
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