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Re:Equifax removed the $125 claim payout option after millio... by 1f60c on Wednesday July 31, 2019 @06:31PM (#20579275)
Maybe they didn't expect most people to follow up on this?
Re:Equifax removed the $125 claim payout option after millio... by VeninVidiaVicii on Wednesday July 31, 2019 @06:36PM (#20579316)
That's obviously the case, which just proves that neither party intended to actually reimburse consumers for our breached data, and the effort to mitigate identity theft.
Re:Equifax removed the $125 claim payout option after millio... by dzmien on Wednesday July 31, 2019 @07:27PM (#20579689)
The amount of money they set aside only allows for 248,000 people to claim the $125 compensation. That is roughly 0.2% of the total 147 million. Seems a bit off to me, but then again I am not familiar with these kinds of things.
Re:Equifax removed the $125 claim payout option after millio... by mikeash on Wednesday July 31, 2019 @08:38PM (#20580176)
What’s more likely: that they didn’t realize that more than 0.1% of the 150 million people affected might sign up for this, or that they don’t give a shit?

This all sounds terrible but there are going to be zero consequences.

Re:Equifax removed the $125 claim payout option after millio... by aeternus on Wednesday July 31, 2019 @06:55PM (#20579456)
Online is just too easy for people to follow up. Most class-actions require mailing in a form so probably have much lower participation rates.