The Independent Community Bankers of America (ICBA) recently filed a class action lawsuit against Equifax over the recent data breach that compromised approximately 145.5 million consumer records and 209,000 payment cards.
The organization is joined by Bank of Zachary, La., and First State Bank in Barboursville, W.Va., in the suit, requesting that the Northern District Court of Georgia direct Equifax to compensate all community banks harmed by the breach and to improve its security to prevent additional harm to consumers and to areas served by community banks.
Find out more about what arguments are included in the lawsuit.