Equifax FCRA Violations Class Action Settlement
Case Overview
Equifax, a consumer credit reporting agency that compiles data on millions of consumers and businesses, has reached a $100 million class action settlement. This agreement is intended to resolve claims that the company provided incorrect credit details to Americans who were applying for loans, insurance, or other services from third-party businesses that utilize credit information.
The class action lawsuit specifically alleges that during a three-week period spanning March and April of 2022, Equifax reported information that was compromised by a coding error within one of its computer systems. The claims relate to credit scores or attributes reported to a third party that differed from what they would have been without this system issue, despite Equifax denying any violation of the Fair Credit Reporting Act (FCRA).
To participate, class members must submit a valid and timely claim form by December 28, 2026, to receive an estimated payment between $95 and $280. Payments will be distributed proportionally from the net settlement fund after deducting court-approved fees and administrative costs. The deadline to object to or opt out of the settlement is November 27, 2026.
Who May Qualify
U.S. residents whose credit scores or credit attributes, as identified in the OMS Analysis, differed from what they would have been without the OMS issue and were reported by Equifax to a third party in connection with a class transaction.
Frequently Asked Questions
Who is eligible for this settlement?
The settlement covers U.S. residents whose credit scores or credit attributes, as identified in the OMS Analysis, were reported by Equifax to a third party in connection with a class transaction, and these reported details differed from what they would have been without the OMS issue.
What is the estimated payout range?
Class members who submit a valid claim can expect to receive an estimated amount between $95 and $280. The actual amount may vary based on the total number of valid claims submitted.
What are the key deadlines for participation?
The deadline to submit a valid claim form is December 28, 2026. Additionally, the deadline to opt out or object to the settlement is November 27, 2026.
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