Equifax agrees to pay $100 million over allegedly inaccurate credit scores

On Aug. 12, 2026, plaintiffs Sarah Hunter, Maurice Moore and Michael Rodela asked the U.S. District Court for the Northern District of Georgia to approve a $100 million class action settlement with Equifax Information Services LLC and its parent company, Equifax Inc.

The lawsuit claims a coding error on one of Equifax's servers pushed inaccurate credit scores to lenders, insurers and other businesses.

From March 17 through April 8, 2022, Equifax allegedly reported credit scores and attributes that differed from what the company would have sent had the coding issue never occurred, the complaint claims. Those reports reportedly went to lenders, insurers and other businesses that buy credit data, and the class notice states millions of Americans applied for loans, insurance or services during that time.

Who qualifies as a class member?

The proposed settlement class includes individuals in the United States whose credit score or attribute Equifax inaccurately reported to a third party between March 17 and April 8, 2022. Equifax conducted an internal analysis to flag reports that different from a corrected version. These records determine class member eligibility.

The proposed $100 million settlement fund

Equifax agreed to deposit $100 million into a nonreversionary fund, meaning no leftover money returns to the company.

The $100,000,000 settlement fund reportedly covers:

  • Settlement administration costs: To be determined
  • Attorneys' fees: Up to $33,333,333
  • Attorneys' expenses: Up to $500,000
  • Payments to eligible class members: Remainder of the fund

The plaintiffs estimate individual payments of roughly $95 to $280. The parties propose Verita Global as settlement administrator, which would handle notices, claim forms and payments.

What the settlement means for affected consumers

Chief U.S. District Judge Leigh Martin May has not yet ruled on the unopposed motion, and no claims process exists as of this writing. If she grants preliminary approval, the settlement administrator will send notices to class members 42 days later, starting two clocks: 60 days to opt out or object, and 90 days to file a claim.

Equifax admits no wrongdoing, and the agreement states that neither the settlement nor the court's approval of it counts as evidence of any violation.