ATLANTA — Atlanta-based Equifax has agreed to pay $100 million to settle a class-action lawsuit over a coding error in 2022 that affected millions of consumers’ credit scores.

The incorrect scores may have affected people applying for auto loans, mortgages and credit cards, according to the lawsuit.

Some consumers affected by the error could receive money through the settlement, according to officials.

The case involves a coding issue that caused inaccurate information to be reflected in some consumers’ credit reports.

An Equifax spokesperson released the following statement:

“Equifax has reached a proposed settlement of a class action lawsuit related to a 2022 coding issue. Equifax denies that it violated the law. The settlement is a compromise of disputed claims. This 2022 issue was within a legacy, on-premise server environment that has since been migrated to our industry-leading Equifax Cloud™ infrastructure. This previously-disclosed coding issue impacted how some credit scores and credit attributes were calculated during a three-week period between March 17 and April 8, 2022. Our analysis indicates that the vast majority of scores during the three week period of the 2022 coding issue did not change, and a large number had a positive shift. Information in consumer credit reports was not changed as a result of this issue. Since 2022, Equifax has principally completed a global, multi-year, $3 billion technology, data, and security transformation that has changed nearly every facet of the company’s infrastructure. Today, we are fully leveraging the Equifax Cloud to help our customers innovate faster to create more effective insights into the people and communities they serve."

This is a developing story. Stay with WSB Radio News for updates.