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They are paying their competitor, Experian, to provide the first four years of credit monitoring. They then provide an extra six years of credit monitoring them
by paulgb 7y ago
They are paying their competitor, Experian, to provide the first four years of credit monitoring. They then provide an extra six years of credit monitoring themselves, but they do not get paid anything from the settlement fund for this.
- irrational 7y agoIf that is true, then where is the other 90+ million dollars going? Has Experian already been written a check for 90+ million dollars?
- unreal37 7y agoThe settlement is quite ridiculous actually. $200 million in fines to the states and federal government. $300-$500 million to reimburse consumers for actual expenses they incurred. And $31 million to anyone otherwise affected. They could have reduced the fines by 10% and doubled the pool for the general public. lol