NAPERVILLE, IL (October 23, 2017) — The Illinois Credit Union League has joined the Equifax class action lawsuit as a party plaintiff in order to fulfill their continuing mission to protect League member credit unions from losses caused by merchant and vendor data breaches.
“We are joining the Credit Union National Association (CUNA) in the fight to hold Equifax accountable for this grievous data breach impacting more that 145 million American consumers,” said Tom Kane, President/CEO of the Illinois Credit Union League. “This is the latest of a growing number of high profile data breaches, but it will likely turn out to be the worst because of the type of sensitive information that was exposed. Equifax was unbelievably careless by ignoring warnings to make a simple – but critical – security patch to their software and the negative effects of this breach may be felt by credit unions and their members for years to come.”
On October 4, 2017, a class action lawsuit was filed in federal court in Georgia by CUNA and several financial institutions against Equifax based on the data breach. The Illinois Credit Union League now joins that lawsuit as a plaintiff. The complaint filed in that case can be accessed here.
If you would like more information about the Equifax class action lawsuit or are interested in joining the lawsuit as a party plaintiff, please contact Katherine Schnack in the Illinois Credit Union League Office of General Counsel at 630-983-3409 or katherine.schnack@icul.com.
The Illinois Credit Union League (ICUL) is the primary trade association for 217 state and federal credit unions in Illinois. It focuses on providing legislative and regulatory advocacy, compliance assistance and information, and a wide range of educational and training services to those credit unions, who in turn serve approximately 3.4 million members. More information can be found at www.icul.com.
Melissa Vidito
Illinois Credit Union System
630-637-3965
melissa.vidito@envisant.com
