USA Herald Regulatory and legal
Equifax $100M Settlement Marks Record Payout Over Credit Score Coding Glitch
Equifax has agreed to a $100 million settlement for a class action lawsuit, resolving claims that a coding error in spring 2022 led to inaccurate credit scores for millions of Americans. This nonreversionary settlement is considered the largest resolution ever under the Fair Credit Reporting Act. Despite the payout, Equifax denies any wrongdoing, characterizing the agreement as a …