For those who don't know the whole story, in 2017 Equifax had a data breach where information on 147 million people was exposed because Equifax is basically terrible at cybersecurity 101. The company and the FTC negotiated a settlement valued at approximately $425 million. The FTC initially indicated that anyone affected by the breach could opt for (1) a one time $125 payment or (2) free credit monitoring for four years. One need not be a rocket scientist to know that $125x147,000,000 >>> $425,000,000. Indeed, as noted above, only $31,000,000 was earmarked for cash payments because the FTC and Equifax think people either (1) don't like free money or (2) would be too lazy to ask for it.
Through social media and news amplification, those opting for the $125 payment massively outpaced their assumptions. To that end, the FTC has silently posted an update to their FAQ as quoted above, hoping people won't notice, will get their $3.25 "payment" and sit down and shut up because they didn't object or opt out in time.