Nessel Announces Settlement With Equifax

Michigan Attorney General Dana Nessel has announced her office has joined 49 other Attorneys General in a multi-state settlement with Equifax as a result its massive 2017 data breach. The settlement includes up to $425 million in consumer restitution and $175 million to the states. Michigan’s share is $4.6 million. The AG’s office says under the settlement, Equifax agrees to provide a single Consumer Restitution Fund of up to $425 million, with $300 million dedicated to consumer redress. If the $300 million is exhausted, the fund can increase by up to an additional $125 million. The company will also offer affected consumers extended credit-monitoring services for a total of ten years, and it’s taken other steps to address the problems caused by its data breach. You can find out more about the Equifax settlement at EquifaxBreachSettlement.com.