The enforcement action highlighted what it said were significant lapses in Equifax's processes, which have led to inaccuracies in consumer credit scores and reports. The CFPB said its ...

The bureau also found that Equifax shared inaccurate credit scores and data about consumers with lenders. Coding errors in Equifax's internal software caused the company to miscalculate and share ...

Experian, TransUnion, and Equifax are the three major credit bureaus, with Experian being the largest in the U.S. market. FICO® Score is the most commonly used credit scoring model, influencing ...

leading to inaccurate credit scores. In a statement, a spokesperson for Equifax said the settlement "turns the page" on the matter, which it first disclosed in 2022, and that it will continue to ...

Such coding errors in Equifax’s internal software, for example, led the company “to miscalculate and share inaccurate credit scores for several hundred thousand consumers,” according to the CFPB.

The only case in which a corporate card would affect an employee's personal score is if the business made a billing mistake and added it in their name. If you see that a corporate charge card appears ...

Although Experian is the largest credit bureau in the U.S., TransUnion and Equifax are widely considered to be just as accurate and important. When it comes to credit scoring models, however, there is ...