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Re:Equifax coding error may have resulted in errors to consu... by EddieDante on Friday June 03, 2022 @05:58PM (#31614197)
We should have revoked Equifax's charter and dissolved the corporation back in 2019.

https://equifuxusall.com

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Re:Equifax coding error may have resulted in errors to consu... by thecleaner on Friday June 03, 2022 @06:26PM (#31614442)
Another one. These folks are practically morons. We need an open source, verified credit rating algorithms. Credit rating should be treated with the same respect as computer security.
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Re:Equifax coding error may have resulted in errors to consu... by MathMonkeyMan on Saturday June 04, 2022 @12:37AM (#31617032)
I'm afraid it is.

I like the idea of open source credit scoring. But then who gets the underlying data?

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Re:Equifax coding error may have resulted in errors to consu... by thecleaner on Sunday June 05, 2022 @06:04PM (#31635255)
Bring your own data. Most FinTechs would be glad to have a "get your own rating usin the Blah model" feature. The older dinosaurs need not comply.
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Re:Equifax coding error may have resulted in errors to consu... by james-redwood on Friday June 03, 2022 @04:41PM (#31613359)
Do these scandals never end?
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Re:Equifax coding error may have resulted in errors to consu... by melenaboija on Friday June 03, 2022 @04:59PM (#31613546)
Coding errors happen, I think the scandal is the credit score system in general.

Its lack of transparency and the power given to these companies is what makes these problems to have bad consequences.

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Re:Equifax coding error may have resulted in errors to consu... by ewagsjr on Friday June 03, 2022 @06:37PM (#31614551)
Did it make the credit scores better or worse?
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Re:Equifax coding error may have resulted in errors to consu... by melenaboija on Friday June 03, 2022 @06:44PM (#31614624)
According to this information [1] has not been revealed and supposedly affected 12% of credit scores calculated from March 16 to April 6.

[1] https://www.inman.com/2022/05/31/equifax-coding-issue-possib...

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