The Washington Post reports U.S. Sen. Elizabeth Warren, D-Mass., is calling for a probe over why not everyone will receive the expected settlement payout between Equifax and the Federal Trade Commission. Warren indicated the FTC offered “misleading public descriptions” to the 147 million Americans whose information was compromised. The FTC had previously offered free credit monitoring or a “cash payment of $125” to affected individuals. “The FTC has the authority to investigate and protect the public from unfair or deceptive acts or practices, including deceptive advertising,” Warren wrote in a letter. “Unfortunately, it appears the agency itself may have misled the public about the terms of the Equifax settlement and their ability to obtain the full reimbursement to which they are entitled.” (Registration may be required to access this story.)
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