Court documents show claims were filed for about 67% of identified eligible accounts in the class-action suit.
House Financial Services Committee schedules markup of two credit union bills.
The retailer’s $39 million settlement marks the first time FIs will recover losses from a data breach.
The retailer agrees to pay out nearly $40 million to financial institutions affected by the breach.
Now that the suit against Target has gone class action, momentum is building behind legislation regulating retailer data.
Now that the Target data breach suit has class action status, credit unions look forward to advancing their cause.
Financial institutions may now join the case against the retailer rather than pursue individual action.
CU Times' coverage of taxi industry challenges, SBA loans and Alabama One got readers talking.
Editorial commentary on current issues from CU Times' editorial staff and correspondents.
Up to 9,000 FIs will soon receive class action suit participation notices, attorney says.