Equifax Sued Over Alleged Glitch, Inaccurate Credit Reports

Equifax Inc. faces a proposed class action over a glitch that allegedly caused the company to provide inaccurate credit scores to lenders and millions of individuals who applied for credit in March and April.

Benjamin Baker sued on behalf of him and a proposed class of “hundreds of thousands,” alleging that the glitch caused 12% of credit scores to be inaccurate, some of which were off by up to 130 points. The error resulted in borrowers being denied loans or paying higher interest rates than they would have if their information was accurate, Baker said.

Baker said his credit score ...