Lenders Sue Equifax Alleging Antitrust Violations
Equifax faces allegations of monopolizing electronic income and employment verification services.
Equifax faces allegations of monopolizing electronic income and employment verification services.
Seven plaintiffs claim an Equifax glitch hurt their credit scores, and thus their loan applications.
Costs could go up as much as 400% in some cases, according to NCRA.
NCRA says a 'vast majority' of mortgage lenders will incur price increases ranging from 10% to 400%.
The program is designed to expand the pool of potential homebuyers.
Complaint stems from errors in credit scores made earlier this year.