The settlement won't necessarily make financial institutions affected by the breach whole, sources say.
Five financial institutions request the status change in the 2013 data breach case.
The required 90% of plaintiff issuers did not agree to the terms.
Financial institutions’ loss in court could intensify the fight to force retailers to shoulder more data breach costs.
Although Judge Paul Magnuson agrees the settlement isn't fair, a lack of class action status makes it legal.
MasterCard deal worth $19M doesn't come close to covering actual breach losses, say bank and credit union plaintiffs.
Winning a legal battle against the NCUA is a long shot. So why waste industry resources on legal opinions?
Michigan credit union pays $24M to its members, surpassing last year’s $23M payout.
More than six weeks after nearly 3,300 members voted to change the cooperative's charter to a mutual bank, Monterey Credit Union has filed with the California Department of Business Oversight for that conversion.
California agency says it will proceed even though statutes are mum on credit union to bank conversions.