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wooden gavel resting on rows of US currency (Photo: Shutterstock)

A federal judge in Atlanta gave final approval Thursday to a $7.75 million settlement—including $2 million in legal fees—to resolve claims against Equifax by hundreds of financial institutions. 

The settlement deal—which stems from a 2017 data breach—also includes a promise by Equifax to invest an additional $25 million over two years in enhanced data security measures tailored to financial institutions.

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