Equifax Agrees to $2.2M Settlement to Resolve Allegations it Reported Some Consumers’ Collection Accounts More Than Once

Equifax has agreed to a $2.2 million class-action settlement resolving allegations that it placed the same collection account more than once on some consumers’ credit reports.

The proposed settlement covers approximately 37,000 people, according to court documents. Eligible consumers may receive cash payments of up to $600, along with six months of complimentary credit monitoring.

The lawsuit, Bradberry v. Equifax Information Services LLC, was filed in the U.S. District Court for the Northern District of Georgia. It accused Equifax of violating the federal Fair Credit Reporting Act, which requires credit reporting companies to use reasonable procedures to ensure the maximum possible accuracy of their reports.

Read more at Consumer Affairs