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.

The Consumer Financial Protection Bureau fined Equifax $15 million for credit reporting errors. The CFPB alleged the credit bureau failed to properly investigate consumer disputes.

One of the nation’s largest credit reporting agencies has been fined $15 million for issuing inaccurate credit scores and failing to properly investigate consumer disputes, officials said. Equifax will pay the fine into the Consumer Financial Protection Bureau's victims relief fund,

Equifax ( NYSE: EFX) has been fined $15M by the Consumer Financial Protection Bureau (CFPB) for conducting inadequate investigations of disputes by the consumer reporting agency’s customers, the regulator said Friday.

Equifax (NYSE:EFX – Free Report) had its price objective decreased by Jefferies Financial Group from $340.00 to $300.00 in a report published on Wednesday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the credit services provider’s stock.

Without admitting wrongdoing, Equifax agreed to pay $725,000 because of a three-week error which lowered credit scores for 77,000 New Yorkers.

The New York Attorney General announced a settlement with Equifax over inaccuracies in credit scores for New Yorkers. This issue affected about 77,000 residents due to a coding mistake, according to Equifax.

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,

Equifax will pay a $15 million penalty for failing to properly investigate credit report disputes.

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One of the nation’s largest credit reporting agencies has been fined $15 million for issuing inaccurate credit scores and failing to properly investigate consumer disputes, officials said.Equifax will pay the fine into the