Equifax is named as a recipient of allegedly incorrect loan reports; this implies potential FCRA exposure, remediation work, and reputational harm for the company.
The lawsuit says canceled federal student loans still appear on consumer credit reports. That raises legal exposure, remediation costs, and reputational damage for Equifax because many borrowers are affected.
TransUnion is listed among bureaus reportedly showing canceled loans, which could lead to consumer disputes, correction costs, and legal scrutiny under the FCRA.
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