Equifax Sued After Issuing Millions of Incorrect Credit Scores

Equifax Sued After Issuing Millions of Incorrect Credit Scores

Equifax Sued , After Issuing Millions , of Incorrect Credit Scores.br CBS reports that Equifax faces a potential br class-action lawsuit over incorrect credit scores br issued this spring for millions of people.br Equifax, which provides financial information and br scores for consumers, affects whether or not people br are approved for mortgages, credit cards and car loans. .br A lawsuit seeking class-action status br was filed against the company on August 3 br in the Northern District of Georgia, Florida.br According to Equifax, a coding error br at the company affected customers' br scores for as long as three weeks.br Equifax claims that very few people br were impacted by the error.br This issue, which was in place br over a period of a few weeks br between March 17 and April 6, br was fixed on April 6, Equifax statement, via CBS.br While the score may have shifted, br a score shift does not necessarily mean br that a consumer's credit decision br was negatively impacted, Equifax statement, via CBS.br In 2017, Equifax was implicated in a data breach br that exposed sensitive information belongingbr to almost 150 million Americans. .br In 2017, Equifax was implicated in a data breach br that exposed sensitive information belongingbr to almost 150 million Americans. .br As a result, Equifax paid br $700 million in fines br and restitution. .br Similarly, the recent coding error lawsuit demands br that Equifax repay defendants' additional costs br brought on by incorrect credit scores.


User: Wibbitz Top Stories

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Uploaded: 2022-08-05

Duration: 01:30

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