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LSC joins Equifax data breach lawsuit

NAPERVILLE, IL (February 7, 2018) — LSC and its affiliated credit union, Services Credit Union, have joined the Equifax class action lawsuit as party plaintiffs to help protect LSC’s customer credit unions from losses caused by the 2017 Equifax data breach.

“We at LSC are steadfast in our mission to hold Equifax accountable for this calamitous data breach,” said David Griffiths, COO of LSC. “More than 145 million American consumers have been impacted by Equifax’s blatant disregard of the US Department of Homeland Security’s warnings regarding a necessary security patch in Equifax’s software. Credit unions have been left to bear the cost of this carelessness, and it is our aim to alleviate that hardship.”

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.  LSC and SCU now join that lawsuit as plaintiffs.  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 LSC’s Legal Department at 630-983-3409 or Katherine.Schnack@lsc.net.


About LSC

LSC® is a credit union service organization offering a wide array of products and services and is dedicated to helping credit unions compete.   Its experience and expertise in all areas from card programs and customer service to education and legal advocacy, as a corporate partner of the Illinois Credit Union League, has made LSC a key support provider in the credit union movement.   Its products include credit, debit, pre-paid debit, portfolio development assistance, ATM services, mobile applications, and debt collection.  It serves more than 2,300 credit unions in 50 states.  More information can be found at: http://www.lsc.net

Contacts

Vidhya Iyer
630-983-3216
Vidhya.iyer@lsc.net

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