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Deadline Approaching for CUs to File Claims in Home Depot Suit
Tuesday, August 1, 2017 6:55 AM

Credit unions have until Sept. 14 to file a claim for payment under the settlement reached between plaintiffs and Home Depot in that data breach lawsuit.

CUNA, as well as leagues and credit unions, are among the plaintiffs in the lawsuit, which stems from a 2014 data breach that compromised 56 million credit and debit cards.

A website is available for credit unions wishing to make a claim to a portion of the Home Depot data breach settlement fund. Credit unions can use the site to file a claim for part of the $25 million fund. Claims can be both to request a fixed payment estimated to be $2 per compromised card and to request an additional award of up to 60% of documented unreimbursed losses experienced between Sept. 1, 2014, and Dec. 31, 2014.

Questions about the process can be directed to the settlement administrator at 1-844-412-4019 or homedepotbanksettlementclaim.com.

Source: www.cuna.org