<story><title>Consumers who sought cash settlement from Equifax probably won&apos;t get full $125</title><url>https://www.cnbc.com/2019/12/19/court-awards-80-million-to-consumer-attorneys-in-equifax-case.html</url></story><parent_chain><item><author>mrosett</author><text>This headline is dishonest. I’m not getting my $125 because the settlement fund is dramatically too small. It looks like I’ll get about $6. If the attorneys got absolutely nothing, that number would be maybe $8. So attorney fees are &amp;lt;2% of the shortfall.&lt;p&gt;I’m not pumped that Equifax is getting off for less than a half billion or that the attorneys are getting a big chunk of that. (It’s hard to say how much they should get, to be honest) But when I see a bullshit headline I have to call it out.&lt;p&gt;By the way, they based the $125 on the assumption that almost everyone would take the worthless credit monitoring option.</text></item></parent_chain><comment><author>okcando</author><text>What I find especially bothersome is that their resolution has, in practice, only cost their victims more.&lt;p&gt;Because the time needed to fill out that form and provide the documents will have been worth more than the payout, if one ever comes, for just about anyone who bothered to do it.&lt;p&gt;Not at all satisfactory.</text></comment>
<story><title>Consumers who sought cash settlement from Equifax probably won&apos;t get full $125</title><url>https://www.cnbc.com/2019/12/19/court-awards-80-million-to-consumer-attorneys-in-equifax-case.html</url></story><parent_chain><item><author>mrosett</author><text>This headline is dishonest. I’m not getting my $125 because the settlement fund is dramatically too small. It looks like I’ll get about $6. If the attorneys got absolutely nothing, that number would be maybe $8. So attorney fees are &amp;lt;2% of the shortfall.&lt;p&gt;I’m not pumped that Equifax is getting off for less than a half billion or that the attorneys are getting a big chunk of that. (It’s hard to say how much they should get, to be honest) But when I see a bullshit headline I have to call it out.&lt;p&gt;By the way, they based the $125 on the assumption that almost everyone would take the worthless credit monitoring option.</text></item></parent_chain><comment><author>dannyw</author><text>Credit monitoring, * offered by Equifax *, should not be legitimate restitution.&lt;p&gt;It’s like Apple’s MacBooks blowing up and a judge ruling Apple can give iCloud storage as compensation.</text></comment>