Equifax sent banks wrong credit scores for consumers, WSJ says

Equifax provided inaccurate credit scores on millions of U.S. 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 Journal reported. The scores covered consumers applying for auto loans, mortgages and credit cards to banks and nonbank lenders including JPMorgan Chase, Wells Fargo and Ally Financial, according to the report. 

A monitor displays Equifax signage on the floor of the New York Stock Exchange.

A representative for Equifax didn't immediately respond to a request for comment. The company told the Journal it had since fixed the error, which it described as a technology coding issue. 

Shares of the company fell 2.1% to $206.31 at 4 p.m. in New York.

The issue follows a cyberattack at Equifax, which maintains credit reports on U.S. consumers and sells them to lenders, that it disclosed in September 2017.

Hackers accessed data including Social Security numbers, driver's license numbers and addresses, it said at the time.

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