Equifax settlement: Consumers impacted by 2022 credit score error could receive payments

Atlanta’s Equifax to pay $100M after miscalculating credit scores

The settlement is “by far the largest class-action settlement ever achieved under the Fair Credit Reporting Act,” and provides compensation for around 4 million people.

Equifax settlement: Consumers impacted by 2022 credit score error could receive payments

Atlanta-based consumer credit reporting giant Equifax has agreed to pay $100 million to settle a class-action lawsuit stemming from a 2022 coding error that allegedly impacted millions of consumers’ credit scores and credit attributes.