Has the Equifax credit report error affected you? Here's how to find out.
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Equifax is back in the spotlight after Rep. Maxine Waters asked for the credit reporting agency to be barred from selling credit scores until it explains how it flubbed credit score calculations for millions of Americans.
Equifax last week admitted that it misreported some consumers' credit scores, potentially affecting applications for mortgages, auto loans and credit cards. The company sent out incorrect scores between March 17 and April 6, affecting millions of consumers, the Wall Street Journal reported. Yet Equifax said that less than 300,000 customers had their credit scores change by 25 points or more in either direction.
Waters, a California Democrat who chairs the House Financial Services Committee, wrote to the Consumer Financial Reporting Bureau on Wednesday, asking the CFPB to bar Equifax from distributing consumer credit scores until it can show those scores are accurate.
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