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Equifax10-Q: Litigation material

Company defending class-action lawsuit over credit score calculation errors from coding issue

What happened

Equifax is facing a lawsuit over a coding issue that caused incorrect credit scores to be calculated, impacting a class of consumers. This highlights a significant operational pain point around data and software quality, creating a need for improved testing, data validation, and quality control systems to prevent future incidents.

Source

SEC EDGARApr 21, 2026

Quarterly report (Form 10-Q)

Equifax 10-Q

Filing excerpt

On August 3, 2022, a lawsuit was filed against us in the U.S. District Court for the Northern District of Georgia alleging violations of certain sections of the FCRA in connection with a previously-disclosed coding issue which impacted how some credit scores were calculated during a three-week period.

sec.gov/Archives/edgar/data/33185/000003318526000018/efx-20260331.htmRead the full source

Other signals in this filing (8)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Litigation material

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end
03/31
Filed
Apr 21, 2026

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The full record

From the Signal API record

Details

CIK
33185
Accession number
0000033185-26-000018
Metric named
Unspecified monetary damages sought
Timeframe
Current year
Filing year
2026
Fiscal year
0
Why it matters
Legal tech opportunity
Signal category
Risk

Extraction

Confidence
High
Relevance
80%
Sentiment
Negative
Detected
Apr 28, 2026
signal_type
sec-10q
signal_subtype
litigationMaterial

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The API returns more than this page shows

This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/a144641a-9319-454b-823b-407c0e026807 returns this record as JSON. POST /v1/companies/enrich returns every signal for equifax.com.

{
  "signal_id": "a144641a-9319-454b-823b-407c0e026807",
  "signal_type": "sec-10q",
  "signal_subtype": "litigationMaterial",
  "detected_at": "2026-04-28T10:05:23.35+00:00",
  "company": {
    "name": "Equifax",
    "domain": "equifax.com"
  },
  "data": {
    "detail": "Equifax is facing a lawsuit over a coding issue that caused incorrect credit scores to be calculated, impacting a class of consumers. This highlights a significant operational pain point around data and software quality, creating a need for improved testing, data validation, and quality control systems to prevent future incidents.",
    "metrics": {
      "timeframe": "current_year",
      "dollar_context": "Unspecified monetary damages sought"
    },
    "summary": "Company defending class-action lawsuit over credit score calculation errors from coding issue",
    "excerpts": "On August 3, 2022, a lawsuit was filed against us in the U.S. District Court for the Northern District of Georgia alleging violations of certain sections of the FCRA in connection with a previously-disclosed coding issue which impacted how some credit scores were calculated during a three-week period.",
    "relevance": 0.8,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/33185/000003318526000018/efx-20260331.htm",
    "filing_date": "2026-04-21",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "03/31",
    "sales_relevance": "Legal tech opportunity",
    "signal_category": "risk"
  }
}

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