the v "the wall street journal" reporting equifax reported the wrong scores. the company is blaming a coding issue, but claims the impact was minimal. here's abc's trevor ault. >> reporter: tonight, one of the nation's largest consumer credit reporting agencies under fire as equifax and milts it miscalculating some credit scores this spring. >> if affected, it can have gotten in the way of your ability to access a loan or credit at a tomb when you might have needed it, especially at a time when interest rates were a little bit lower than they are now. >> reporter: equifax blames the error on a technology coding issue from mid-march to early april, saying in a statement, "less than 300,000 consumers experienced a score shift of 25 points or more," and "there was no shift in the vast majority of scores." the ceo addressing the issue at a financial conference in june. >> we think the impact is going to be quite small, not something that's meaningful to equifax. >> reporter: but "the wall street journal" reports "equifax provided inaccurate credit scores on millio

if they looked at equifax and equifax had an incorrect score for you, you might have been negatively affected by the glitch. >> equifax says it was a coding glitch. to figure out if you were affected, experts say check your equifax score against those from other companies. >>> walmart is announcing layoffs cutting nearly 200 corporate jobs and comes after the company lowered its profit outlook due in part to inflation forecasting an 11% to 13% drop in profit in the next year. >>> a decision by opec on oil production is being called a, qote, sap in the face to the biden administration despite president biden's recent visit to saudi arabia. opec and its allies have decided to increase production by only a tiny percentage, 100,000 barrels per day. still, gas prices have dropped for 50 consecutive days due to falling demand and recession fears. prices average $4.16 per gallon nationwide. >>> an unprecedented move in boston. the city is shutting down one of its subway lines for an entire month for urgent repairs. the city will provide some shuttle buses for orange line riders but people a

los funcionarios de equifax dicen que el problema ya esÁ resuelto.rsonas que estados unidos solicita en extradicÓn. y aumenta la incertidumbre poÍtica en peÚ tras la renuncia de otro primer ministro. capturaron a Ás de una capturaron a Ás de una docena de“coyote” en una inusual operacÓn en la que tambÉn detuvieron a cuatro guatemaltecos que eran buscados por estados unidos y que haÍan sido solicitados en extradicÓn. la fiscaÍa lanÓ la operacÓn contra una supuesta red de traficantes de inmigrantes en cuatro provincias de guatemala, incluida huehue- tenango, ubicada en la frontera de guatemala con Éxico, las autoridades guatemaltecas calculan que la banda ha logrado ganar unos ingresos de alrededor de dos millones de dolares ayudando a cruzar migrantes a estados unidos. el primer ministro peruano, aÍbal torres, anuncÓ su renuncia argumentando "razones personales", lo que aumenÓ la incertidumbre poÍtica en el pÍs. torres es "el cuarto" primer ministro del presidente, pedro castillo. asumÓ el cargo en febrero, tras ocupar el ministerio de justicia. casti

equifax says the problem was due to a coding issue. >>> still to come, a different kind of doughnut. company is mixing doughnuts and mustard. covid-19. some people get it, and some people can get it bad. and for those who do get it bad, it may be because they have a high-risk factor - such as heart disease, diabetes, being overweight, asthma, or smoking. even if symptoms feel mild, these factors can increase your risk of covid-19 turning severe. so, if you're at high risk and test positive - don't wait - ask your healthcare provider right away if an authorized oral treatment is right for you. it takes energy to take on the world.■ so whether you■re breaking a sweat, breaking down barriers, or breaking the laws of gravity, keep moving with the ultimate energy bar. we bake in delicious, wholesome ingredients, purposefully crafted with a blend of protein,■fat and carbs. because the more good you put in, the more great you get out. clif. baked in goodness. now introducing clif thins. a crispy, craveable 100-calorie snack. who says you have to spend more on skincare to get results? i powe

equifax confirming nearly sres change by at least 25 points.ly alter their interest rates or even cause their application to get denied. alabama resident q. dot davis said he saw his score temporarily drop 38 points, potentially disqualifying him for loans. now he says his score reverted back to normal. >> it does kind of, you know, drop and reflect for me personally. i'll continue to watch my credit and keep a closer eye on it. >> reporter: equifax blaming the arizona computer coding issue, confirming it's now been fixed. the ceo addressing the issue at an investor conference in june. >> we think the impact is going to be quite small, you know, not something that's meaningful to equifax. >> reporter: equifax, which has about 200 million customers, noting some people may have also seen their credit score go up. >> the glitch wasn't one directional. you had people who were gettig higher credit scores than they should have and lower scores. >> reporter: experts say if your score suffered and your application was denied, you still have options. >>

>> so equifax would say it was a mistake but it only impacted a small percentage. to a miscalculation of certain factors and so it impacted credit scores. not reports but credit scores. the company saying in a statement as part of its analysis we've determined there was no shift in the vast majority of scores during the three-week time frame. but for those consumers who did experience a score shift, initial analysis indicates only a small number of them may have received different credit decisions, so it looks like this was a three-week period coming to some wall street journal reporting that would have been about mid-march through early april, about 300,000 consumers received a different credit score of about 25 or more points. even if it was a small percentage if that was your credit score, that's not feeling so good. i asked around. think about did you apply for credit in that time frame, march, april? if so look at your credit report. go to annual credit report.com and look to see if exwufax did a hard inquiry. if so consider your options. think about things di

the stunning report that equifax erroneously issued millions of americans lower credit scores that they did not deserve. >>> welcome to "the lead." i'm jack tapper. a report card and a reality check for republicans and democrats gearing up for this fall's midterm elections. the biggest takeaway is from another primary night, now coming into focus starting in kansas where abortion rights with on the ballot. voters in kansas overwhelmingly rejected a measure that would have allowed lawmakers to ban abortion in the state. the turnout is giving democrats new hope, they say, that anger at that decision by the high court could deliver a midterm boost. on to arizona now where republican election deniers won big last night. cnn now projecting three trump-endorsed republicans who embraced donald trump's sad election lies will win their party's nominations for u.s. senate, for attorney general, for secretary of state. right now election-denying kari lake who is running for governor is ahead in that primary, though those votes are still being counted. in michigan, republican congressman peter meij

the credit reporting company equifax says in the spring it accidentally sent out incorrect credit scoresfor home and auto loans. the "wall street journal" says during a three-week period, equifax sent faulty scores to lenders resulting in higher interest rates and denied applications. some scores changed by as much as 20 points in either direction. the company says it notified lenders and has fixed the error. >>> another oops, this time from the owner of t.j. maxx, tjx was selling recalled products and now has to pay $13 million for the mistake. the consumer product safety commission says the chains sold 1,200 recalled products over a five-year period. the products include fisher-price's rock and play sleepers which led to the deaths of 50 infants according to a congressional report last year. >>> and you wanted your mexican pizza, you're getting your mexican pizza. taco bell relaunched the popular dish back in may but then took it off weeks later due to high demand. now the chain says the pizza will be back on the menu for good september 15th. >>> that is your cbs "money watch" report f

equifax says it fixed the error caused by a software coding glitch. they keep credit reports on 200 million u.s. consumers, guys. >> that's a mistake but sticks with people. i don't trust it gets purged from the system altogether. really unfortunate. >> i know. that's what i was thinking too, yeah. >> thank you. >>> all right local shops are feeling the brunt of the rise of inflation. ahead on today in the bay, the reason one bay area shop owner says customers will also have to pay for that rising cost of products. we'll be right bac we'll be right bac k. moving forward with node- positive breast cancer is overwhelming. but i never just found my way; i made it. and did all i could to prevent recurrence. verzenio reduces the risk of recurrence of hr-positive, her2-negative, node-positive, early breast cancer with a high chance of returning,... as determined by your doctor when added to hormone therapy. hormone therapy works outside the cell... ...while verzenio works inside to help stop the growth of cancer cells. diarrhea is common, may be severe, or

. >>> equifax, one of three major credit reporting companies admits it sent lenders incorrect creditcores for hundreds of thousands of people applying for home and auto loans this spring. the company says the problem was caused by a, quote, coding issue. for about 300,000 people, the errors were significant enough that some may have been wrongfully denied credit. equifax says it's working with customers to determine the impact of this error, but it is unclear tonight what resource those borrowers may have. >>> up next, cars get hammered by hail the size of grapefruit. >>> tonight, an erupting volcano is putting on what can only be described as a spectacular show for tourists visiting iceland. it's near the country's main airport, but so far flights are not disrupted. a live video feed from the volcano shows lava flowing in the same area where it erupted for several months last year. >>> folks in alberta, canada are still cleaning up after getting pounded, we mean pounded, by huge chunks of hail. think of this. hail stones reportedly the size of grapefruit hammered the area for 10 to

equifax, one of three major credit reporting companies admitted it sent incorrect information this springy sailed the problem was caused by a "coding issue." for about 300,000 people the errors were significant enough that some may hae been wrongfully denied credit. equifax says it's working with customers to determine the impact of this error, but it is unclear tonight what recourse t up next, cars get hammered by hail the size of grapefruit. michael: my tip is, the worst lies are the lies you tell yourself, like smoking isn't that dangerous. announcer: you can quit. for free help, call 1-800-quit now. this is john. he never gives up—no matter what life throws his way. high cholesterol. heart disease. 17 fad diets... 5 kids... 3 grandkids... 1 heart attack. and 18 passwords that seem to change daily. with leqvio, john can lower his cholesterol— and so can you. when taken with a statin, leqvio is proven to lower bad cholesterol by over 50% and keep it low with two doses a year. common side effects of leqvio were injection site reaction, joint pain, urinary tract infection, diarrhea, chest

equifax released a statement blaming the incorrect scores on a coding issue.en fixed. the company says credit reports were not changed because of this problem. oracle, the tech company that used to be headquartered in redwood city is now based in austin is reportedly undergoing mass layoffs. kron four's justin campbell has more on the latest company to lay off employees. >> for the most part, what i've heard is that they're marketing or sales routh, a civet ace ceo of hackers strike. >> has been in the bay area tech industry for 40 years. he says tech companies can outsource financial services. >> and marketing that are not core to their business. but will most likely not be laying off any engineers anytime soon. you don't want to get to a point where you need to cut in january because it is very difficult. get to give good talent. so you want to protect those those employees as much the reports of layoffs at oracle com has major tech companies continue to announce cuts. google announcing last month they will slow hiring for the rest of the year. tesla, late o

>> first thing i said bill is this is another setback for equifax.rate credit scores being sent to millions of consumers. a three-week period earlier this year. what the journal found out in its reporting the scores might have been off by 20 points or more in some cases in either direction and that's enough to impact maybe the interest rate you might be offered on a car loan or mortgage or whatever the case might be. in its statement they say we've determined there was no shift in the majority of scores during the three-week time frame of the issue. for those consumers that did experience a score shift initial analysis indicates only a small number of them may have received a different credit decision. the journal says those numbers varied. there was one bank that said 18% ever its applicants had incorrect scores. big number. even said to have wild swings, some people going from having no credit score at all to having one in the 700s or the times is opposite occurred. the company said it was not the norm. less than 300,000 consumers experienced a shi

equifax says the problem is solved, it blames a coding issue. not everyone is as nonchalant. want more information from the company, and do loans need to be repriced or reapplied for. and interest rates have shot up a lot since march and april when this was reportedly happening. >> gillian: lauren, thanks so much. >> john: shocking scene in san francisco. look at this. a group of men, i don't know if you would call them men, cowards caught on camera beating and robbing a 70-year-old woman. why she now says she's afraid to leave her home. plus this. >> for the past almost seven weeks we have seen gas prices go down, saving families 80 bucks a month. >> gillian: biden administration is touting another incremental relief at the pumps. but critics say they caused the nationwide surge. and the push to keep gas prices continuing to trend down. psoriasis really messes with you. try. hope. fail. no one should suffer like that. i started cosentyx®. five years clear. real people with psoriasis look and feel better with cosentyx. don't use if you're allergic to cosentyx. before starting

well, equifax provided inaccurate credit scores on millions of u.s. consumers seeking loans during a 3 week period earlier this year. that's according to bank executives who spoke to the wall street journal. now, the scores were by 20 points or more in either direction. so enough to alter the interest consumers were offered or even it resulted in some applications being rejected and demand for workers fell in june to the lowest level in 9 months despite the decline, total job openings remain well above the number of available workers and the younger generation may not be zen to dating apps. match notes of people have moved past the covid lockdowns and reentered and more normal way of life. but their willingness to try online dating apps for the first time hasn't return to prepandemic levels tender, which by match. also dramatically scaling back its ambition to offer dating in the metaverse, which is geared toward younger people. live from the nasdaq market site. i'm jane king back to daryn. i don't think the kids even know how to meet someone outside

equifax fixed a coding issue that resulted in millions of wrong credit scores.ting agency a promajority of prospective borrowers saw a difference of 20 points. in rare cases someone with no credit score jumped to the 700s and someone with high credit scores had no score at all. some borrows were rejected for a loan. that's a look at your "moneywatch" headlines. >>> if you're wondering why your energy bill is so high in 202 you're not alone. i'm there with you. some bay area residents bills doubled and tripled in recent months. one simple solution to lowering the costs, use your smart home gadgets better. in "wired wednesday" jennifer jolly has a few pieces of tech to curb costs right away. i got my bill, talking about it all week. i was so frustrated. where do we even start? >> let's start with something new and cool. i have show-and-tell. alexa, lower office. >> stop it. that is so cool. i love that. >> i know, right? we really are living in the future and with some 50% of your house's energyotflyi windows, s blinds can do more work than you might even think. t

guest stays to staffing shortages and >>> it is 5:46 on this wednesday, and today's "moneywatch," equifaxixed a coding in credit scores. they saw a difference of 20 points that could change a lot of things. in rare cases someone with no credit score jumped to 700s and someone with high scores had no score at all. some borrowers were rejected for a loan. they were sent to jpmorgan and wells fargo last spring. >>> encouraging news from the department of health and human services. the number of americans without health insurance coverage fell to an all-time low this year hitting 8%. the department credits the emergency coronavirus bill pass bid congress last year for the drop. the billowered out-of-pocket costs and premiums pushing more people to sign up. >>> darren, how do we look outside? >> sun came up at 6:15 this morning and a lot of people never knew there or won't know that because the clouds are blocking our view. as we look at the view, that's the scene. so sun's coming up in 30 minutes and we're watching a real show above the valley. san jose is there and mt. diablo in the distance

equifax gave out inaccurate credit scores over a three week span earlier this year. wrong scores were sent to banks and lenders for people applying for loans. scores were off by 20 points or more in either direction. the faulty scores resulted in higher rates and denied applications. lenders have been notified of the error, and equifax says the quote technology coding issue has been fixed. a new survey examines why more americans don't buy electric cars. consumer reports surveyed 8000 people across the country more than one third say they will consider buying an electric car. the next time they shop for a car. however many are still concerned about finding a charging station. that's the number one reason why many people are waiting. another concern is the number of miles they can get on a charge. despite that, though ford reports sales were up in july, and customers say that just motivator. is saving money by not spending it on gas cook. that's a look at your dollars and cents. thank you a warning now from police to people who own kia and hyundai owners, their vehicl

we get data on all the credit bureau information from equifax. the delinquency rate is 2.35% if you go back pre-pandemic, which was a pretty good time. it was well over 3%. so i don't really see anything in there to be concerned about. looking across all of household debt, the one thing that gives me a bit of pause is you see a big increase in consumer finance borrowing, and these are lower quality borrowers. enfin tech companies. that kind of thing. in the grand scheme of things, it's not a lot of dollars. so it's not a big macro. it's a relatively moderate. so i don't really see anything in the stata to be concerned about, at least from looking at what it means for the consumer and the economy. >> courtney here. quick question. i think it's great to see that dealing with these are low right now and you think it's positive data and we don't have to worry. but the question is how much of that is backward looking? if we are seeing inflation is starting to affect the consumer and companies are starting to see people trading down items and putting m

. >> true the other big story within every paper across the country is equifax.y a house, you want to put in an edition, whatever you want to do you want to put in aluminum apply for a credit card. whenever thought these people were making mistakes, but they are. for example, people across the country might not even know they got a faulty score. where do you go if you are a victim of this? >> this is a tough one. it looks like the posted some bad scores by their own admission. brian, credit score does two things. it gives you access to credits alone and it prices that long. or consumers that wound up paying more. what they're going to have to do is the lenders themselves, the banks have to go back and look at this for that time. and try their best to figure out who is impacted and how do we unwind it? does that mean we redo their credit application? exactly. why are we finding out about it just now? >> here's what they said for those consumers that did experience score shifted national analysis show only a small number of them have experienced a different credit

the pushback from the likes of equifax, the credit rating agency basically same for consumers right nowthings were getting so hard. you turn to credit cards in a rising interest rates time, very tough spot for a lot of people and getting tougher in europe. tom: you can see it in airlines, too. credit to liz and sanders -- liz ann saunders. international lane tickets are down big. jonathan: a crisis, tom. good question. tom: david rosenberg will be here in a bit. we will advance the discussion with chief economist lindsay. i can do this with you, go off script. david rosenberg going -- known for his petition of inflation, slicing it into 10, 20, 30 different partitions. to see a price change that gets us to a rapid disinflation? >> it is very difficult. we're going to see meaningful retreat in price pressures given the broad-based increase. there will be some categories where prices will slow their pace of ascension and that will give the fed at least pause that they are starting to see the more positive implication from earlier policy changes. but we talk about a 1/10, 2/10 hike, that i

we want to start with an important consumer alert equifax sent lenders incorrect credit scores last springsit was enough for some prospective borrowers to be rejected for a loan. they say they have fixed the error, calling it a coding issue. >>> in kentucky, rescue crews searching for hundreds of missing people after last week's historic floods. so far more than 1,300 people have been rescued. fema search teams going door-to-door to check on residents. at least 37 people have died in the flooding that number is expected to rise. officials are working with residents to provide food and shelter for thousands who have been displaced. >>> a pennsylvania teen is being hailed as a hero of a his quick thinking saved neighbors from an apartment fire the building erupted in flames tuesday morning, fallon o reagan jumped from a window and sprang into action, pulling a trampoline to the side of the apartment so the residents could jump to safety >> you are a hero, baby. >> i am glad they are alive. >> i am proud of him i mean, we're suffering losses because we think we lost our cats, but he saved a lo