CreditReports News & Analysis

Equifax (EFX) Settles for $2.2 Million Over Credit Report Errors

Equifax (EFX) will pay a $2.2 million settlement to address claims of listing duplicate negative items on the credit reports of over 37,000 consumers. The complaint from 2022 alleges violations of the Fair Credit Reporting Act (FCRA), which require credit reporting accuracy. Eligible claimants may receive up to $600 and will also be offered six months of credit monitoring services. This settlement allows affected consumers to address inaccuracies that may have impacted their credit scores and borrowing capabilities.