Equifax Sent Banks Wrong Credit Scores for Consumers, WSJ Says

Equifax Inc. provided inaccurate credit scores on millions of US consumers looking for loans, the Wall Street Journal reported, citing bank executives and people familiar with the matter it didn’t identify.

The consumer credit-reporting agency sent the erroneous scores from mid-March through early April, before starting to disclose the errors to lenders in May, the WSJ reported. The scores covered consumers applying for auto loans, mortgages and credit cards to banks and non-bank lenders including JPMorgan Chase & Co., Wells Fargo & Co. and Ally Financial Inc., according to the report.