Equifax Sent Lenders Inaccurate Credit Scores on Millions of Consumers


Equifax offered inaccurate credit score scores on hundreds of thousands of U.S. customers in search of loans throughout a three-week interval earlier this yr, in line with financial institution executives and others aware of the errors.

Equifax despatched the inaccurate scores on folks making use of for auto loans, mortgages and bank cards to banks and nonbank lenders huge and small—together with JPMorgan Chase & Co., Wells Fargo & Co. and Ally Monetary Inc., the folks mentioned. The scores have been typically off by 20 factors or extra in both route, the folks mentioned, sufficient to change the rates of interest customers have been supplied or to end result of their purposes being rejected altogether.


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