Consumers who sought cash settlement from Equifax probably won't get full $125
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 <2% of the shortfall.<p>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.<p>By the way, they based the $125 on the assumption that almost everyone would take the worthless credit monitoring option.