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Small Banks, Lobby Group Sue Equifax Over Data Breach

Law360, New York (November 28, 2017, 4:25 PM EST) -- The Independent Community Bankers of America and two of its members sued Equifax Inc. in Georgia federal court on Monday, becoming the latest of a handful of banks to sue the credit reporting agency over a massive consumer data breach that has spurred hundreds of lawsuits.

The ICBA, which represents small and midsize banks; the First State Bank, a West Virginia bank; and the Bank of Zachary, based in Louisiana, say Equifax’s lax cybersecurity practices amounted to negligence. They said they have had to shoulder the...
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