You know about the Equifax breach?
Did you know about the settlement?
If you knew about both of these things, see item number 5 for an update. After promising a settlement to refund people 125 per person that filed a claim, Equifax received so many claims that they can no longer promise that settlement and anyone opting into it is likely going to get far less than they expect. So they recommend going with the free monitoring instead.
They knew how many accounts got leaked. When arriving at a fine and settlement offering, how did this take them by surprise?