Minnesota Credit Union Network to join Lawsuit Against Equifax
Friday, November 3, 2017
ST. PAUL, Minn. (November 3, 2017) - Today, the Minnesota Credit Union Network announced it is joining the Credit Union National Association and other state credit union associations and leagues in suing Equifax in the wake of its recent data breach.
The Equifax data breach has impacted at least 143 million consumers, compromising not only payment cards, but how credit is extended. The Equifax breach could completely change the credit union industry’s ability to rely on consumer data for authentication.
“Credit unions put their members’ interests first. We want to ensure that Minnesota’s credit unions, and their members, have a strong voice in these proceedings,” said Minnesota Credit Union Network President & CEO Mark Cummins, “Equifax needs to be held accountable for exposing social security numbers, birthdates and other personal information.”
The Minnesota Credit Union Network has retained Karen Riebel Hanson of Lockridge Grindal Nauen P.L.L.P., and other attorneys representing the Credit Union National Association, as its counsel.
Along with the Credit Union National Association, the Minnesota Credit Union Network joins several state credit union associations in the Oct. 4 lawsuit.
The Minnesota Credit Union Network is the statewide trade association that works to ensure the success, growth and vitality of Minnesota credit unions. With nearly $20 billion in assets, Minnesota credit unions are local, trusted financial cooperatives that serve more than 1.7 million members at almost 400 branch locations around the state. As not-for-profit institutions, credit unions give back to the communities they serve. For more information, visit mncun.org.