Errant Equifax credit scores cause wrongful credit denials for customers

Credit reporting company Equifax sent lenders incorrect credit scores for millions of consumers in the spring, with a differential of at least 25 points for about 300,000 consumers.

The errors were significant enough to cause applicants to be wrongly denied credit, the company said in a statement.

Following the report, shares of Equifax (NYSE: EFX) fell about 2% Tuesday and were down nearly 5% shortly after Wednesday’s open.

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