CFPB, Equifax and credit reports
Bad math at Equifax led to bad rates for New Yorkers – now it’s paying up. The credit reporting agency agreed to a $725,000 settlement reached with the Empire State Tuesday, Jan. 15, after a coding error wrongly lowered credit scores for over 77,
Equifax must pay $725,000 as part of a settlement with the state after a coding error in 2022 led to the inaccurate lowering of some New Yorkers' credit scores.
Without admitting wrongdoing, Equifax agreed to pay $725,000 because of a three-week error which lowered credit scores for 77,000 New Yorkers.
Equifax will pay a $15 million penalty for failing to properly investigate credit report disputes.
New York Attorney General Letitia James has announced a settlement with Equifax Information Services, LLC over inaccuracies in credit scores reported for tens of thousands of New Yorkers. A coding error led to falsely lowered credit scores between March and April 2022,
We are energized to be pivoting from building the Equifax Cloud over the past four years to leveraging our new industry-leading cloud and EFX.AI capabilities to drive revenue growth, margin ...
Nordea Investment Management AB lifted its holdings in Equifax Inc. (NYSE:EFX – Free Report) by 5.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,