$EFX

EQUIFAX INC

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How that 20-point Equifax error may have cost you thousands

Equifax agreed to a $100M settlement over a coding error that allegedly caused 20-point credit score inaccuracies for 4M consumers in 2022. The error could have affected mortgage, auto loan, and credit card rates. Affected consumers may receive $95-$280, with claims due by Dec. 28, 2026. Equifax denies wrongdoing.

What to do if you qualify for the Equifax error settlement

Equifax agreed to a $100M settlement over alleged misreporting of credit scores for 4M Americans between March and April 2022, according to the law firm Gibbs Mura. The error allegedly lowered scores by over 20 points, affecting loan approvals and interest rates. Equifax denies wrongdoing but will pay impacted individuals, pending final approval in 2027. Affected consumers can claim compensation by 2026.

EFX sentiment & insider activity

Over the past 7 days, AlphAI's AI scored 12 news stories mentioning EFX (EQUIFAX INC). Coverage has skewed bearish: 0 bullish, 3 neutral, and 9 bearish.

Recent EFX coverage spans regulation, financial news and corporate actions.

What's driving EFX

AlphAI scores every news story that mentions EFX with an AI model for sentiment and relevance, and aggregates insider trades from EQUIFAX INC's SEC EDGAR Form 4 filings. Figures refresh continuously.

News on $EFX

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How that 20-point Equifax error may have cost you thousands

Equifax agreed to a $100M settlement over a coding error that allegedly caused 20-point credit score inaccuracies for 4M consumers in 2022. The error could have affected mortgage, auto loan, and credit card rates. Affected consumers may receive $95-$280, with claims due by Dec. 28, 2026. Equifax denies wrongdoing.

What to do if you qualify for the Equifax error settlement

Equifax agreed to a $100M settlement over alleged misreporting of credit scores for 4M Americans between March and April 2022, according to the law firm Gibbs Mura. The error allegedly lowered scores by over 20 points, affecting loan approvals and interest rates. Equifax denies wrongdoing but will pay impacted individuals, pending final approval in 2027. Affected consumers can claim compensation by 2026.

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You could get a payment from Equifax's $100M settlement

Equifax agreed to a $100M settlement for a 2022 class-action lawsuit alleging incorrect credit score reporting. The error affected about 4M Americans, potentially impacting loan approvals. Payments of $95-$280 are estimated for eligible claimants, with a final hearing set for 2027.

Equifax and TransUnion shares fall on mortgage credit report rule change

Equifax (EFX) and TransUnion (TRU) shares fell 4% and 7% respectively after reports that FHFA may ease mortgage credit report rules. TransUnion trades near its 52-week low, down 27% YTD. The change could impact revenue and EBITDA for both firms. TransUnion reported strong Q2 earnings, with mixed analyst reactions to its price target. The company also faces credit scoring landscape shifts.

Equifax (EFX) Stock Trades Up, Here Is Why

Equifax (EFX) shares rose 2.7% after Barclays cut its price target to $155 from $200, citing negative sentiment in the business services sector. Barclays maintained an Equal Weight rating. The stock later cooled to $143.41, up 2.6%. Equifax faces regulatory pressure from the FHFA's mortgage pricing grid changes and TransUnion's pricing strategy. The stock is down 33% YTD and 40.2% from its 52-week high.

Futures Rise, Yields and Oil Drop Ahead Of Key Jobs Report

US futures rose, bond yields fell, and oil prices dropped ahead of the key jobs report. S&P 500 and Nasdaq futures gained 0.4% and 0.8% respectively. Nvidia led gains among Mag 7 stocks. Airbnb rose 2% on an upgrade, while Nike fell 9% due to weak revenue guidance. ON Semi climbed 8% after announcing a cash deal for Synaptics. Western Digital and Seagate dropped 8% and 12% respectively on Toshiba's HDD capacity expansion plans.

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U.S. credit-reporting stocks fall as FHFA weighs two-bureau mortgage rule

Fair Isaac, Equifax, and TransUnion shares fell in premarket trading after reports that the FHFA may require lenders to use only two of the three major credit bureaus for mortgages sold to Fannie Mae and Freddie Mac. FHFA Director Bill Pulte indicated the change could be announced as early as Monday. Bank of America cut its rating on Fair Isaac to Neutral, lowering its price target to $700.

Analyst recommendations: Airbnb, Hewlett Packard Enterprise, Fair Isaac

Analysts updated ratings and price targets for several companies. Abbott Labs (ABT) was upgraded to buy with a $127 target. Airbnb (ABNB) was upgraded to overweight with a $191 target. HPE (HPE) was upgraded to outperform with a raised target to $75. Northrop Grumman (NOC) was downgraded to sector perform with a reduced target to $525. Other companies received mixed recommendations and target adjustments.

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