Why Is Equifax (EFX) Up 12.7% Since Last Earnings Report?

Equifax agreed to a $100 million settlement over miscalculated credit scores for 4 million consumers in 2022. The settlement awaits court approval. Equifax denies wrongdoing. Affected consumers may receive payments after deductions.

Equifax received preliminary approval for a $100M settlement over a 2022 coding error that miscalculated credit scores for 4M consumers. The error, which lasted three weeks, caused significant score drops, affecting loan applications. The settlement, the largest under the Fair Credit Reporting Act, will be distributed to affected consumers. A final approval hearing is scheduled for January 22, 2027.

Wendy's (WEN) +5% on private equity interest; Equifax (EFX) +6.4% after dividend declaration; Jack Henry (JKHY) +7.4% on earnings beat; PulteGroup (PHM) +4.6% on analyst rating; Stryker (SYK) +2.7% on $100M contract.

Equifax (EFX) shares rose 5.7% to $192.12 after declaring a $0.56 quarterly dividend, payable in 2026. The company has paid dividends for over 100 years. EFX is down 10.2% YTD and 26.8% below its 52-week high.

Equifax agreed to a proposed $100 million class-action settlement to compensate about 4 million consumers whose credit scores or other credit data were miscalculated due to a coding error. The issue affected scores sent to lenders from Mar 17 to Apr 8, 2022. Equifax denies wrongdoing and the deal awaits federal judge approval; payments depend on valid claims after fees and costs.

Equifax, according to court filings reported by WSB-TV, agreed to a proposed $100 million class-action settlement over a 2022 technology coding error that affected how some credit scores were calculated from March to April 2022. The settlement fund would compensate eligible consumers, pending federal court approval, and is separate from the 2017 data breach settlement.