A second credit union is suing Chipotle for damages related to the fast-casual restaurant company’s recent alleged data breach.
Benton, Ark.-based Alcoa Community Federal Credit Union filed a class-action suit against Chipotle on May 26 in a Colorado District Court. Similar to another class-action suit filed by Bellwether Community Credit Union on May 4, Alcoa Community’s suit said that the alleged breach compromised names, credit and debit card numbers, card expiration dates, card verification values and other information of hundreds of thousands of Chipotle customers nationwide.
Alcoa Community FCU has $43 million in assets and about 5,900 members. Manchester, N.H.-based Bellwether Community Credit Union has $488 million in assets and 34,000 members.
In its suit, Alcoa Community FCU also claimed the breach forced some credit unions and other financial institutions to cancel or reissue cards, close accounts, stop payments, block transactions, issue refunds, increase fraud monitoring efforts and deal with cardholder complaints and confusion. Affected credit unions and financial institutions also lost interest and transaction fees due to reduced card usage, and the cards and their corresponding account numbers became worthless, it added.
The post Another credit union sues Chipotle over alleged data breach appeared first on CUInsight.
May 31, 2017 at 09:34AM
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