Morning Business Report: Equifax provided inaccurate credit scores on millions of U.S. consumers seeking loans
Equifax provided inaccurate credit scores on millions of U.S. consumers seeking loans during a three-week period. The scores were sometimes off by 20 points or more in either direction, enough to alter the interest rates consumers were offered.
Demand for workers fell in June to the lowest level in nine months. Total job openings still remain well above the number of available workers.
US household debt surpassed $16 trillion for the first time ever. Credit card balances increased by $46 billion as Americans spend more due to inflation.