In re Equifax Fair Credit Reporting Act Litigation secured a preliminary $100 million settlement for approximately 4 million affected consumers. The non-reversionary fund compensates individuals who experienced credit score miscalculations in 2022. [1, 2]

📊 Settlement Overview

Equifax agreed to resolve the class action. [1, 2]

Total fund amount: $100 million
Impacted population: 4 million Americans
Core issue: Coding error in legacy systems [1, 2]

⚠️ Violation Details

A system glitch lowered credit scores. [1, 2]

Occurrence window: March 17 to April 8, 2022 [1, 2]
Score drop: Exceeded 20 points for many [1, 2]
Consequences:
• Higher interest rates charged
• Credit applications denied [1, 2]

🗓 Timeline & Next Steps

Final judicial approval remains pending. [1, 2]

Preliminary approval: August 17, 2026
Final fairness hearing: January 22, 2027
Claim window: Within 90 days of notice [1, 2]