Penalty Amount
$725,000
New York Attorney General Letitia James announced a settlement with Equifax Information Services, LLC for inaccurately reporting credit scores to lenders due to a coding error, which lowered consumers' scores and inflated costs for loans and insurance between March and April 2022. Equifax will pay $725,000 and implement safeguards to prevent future errors, with restitution for affected consumers.
Equifax must pay $725,000 in penalties, implement enhanced safeguards to prevent future errors, regularly monitor customer error reports, and provide restitution to affected consumers through the Office of the Attorney General.
In-house legal teams should review vendor and customer agreements where Equifax or similar consumer reporting agencies provide credit data to lenders, insurers, or other financial institutions. Focus on clauses governing data accuracy warranties, error correction mechanisms, notification obligations for reporting inaccuracies, indemnification for damages caused by erroneous data, audit rights to verify data quality, and consumer restitution or remediation procedures. Changes may be needed to mandate stricter data validation protocols, define clear timelines for error reporting and correction, require transparency in lender/insurer remediation efforts, and include holdback or escrow provisions to cover future consumer harm from reporting errors.
Entity
Equifax Information Services, LLC
Also known as: Equifax
Industry
Financial ServicesOfficial Press Release
https://ag.ny.gov/press-release/2025/attorney-general-james-secures-725000-equifax-harming-consumers-through
equifax information services assurance of discontinuance 202
https://ag.ny.gov/sites/default/files/settlements-agreements/equifax_information_services_assurance_of_discontinuance_2025.pdf
New York Attorney General Enforcement Page
https://ag.ny.gov/press-releases
$2.6M
New York and Connecticut reached a settlement with Boston Children’s Health Physicians and its IT security provider, XTIUM, after a 2024 breach exposed private information of approximately 825,000 New York residents and 62,871 Connecticut residents. The companies will pay $2.64 million and implement enhanced cybersecurity measures; additional penalties are conditional on violating the settlement.
New York Attorney General Letitia James joined 16 other attorneys general in urging Congress to pass proposed legislation addressing the federal government’s release of Jeffrey Epstein-related records. The press release says DOJ has not fully disclosed the records required by the original law and that personal information of at least 43 victims was exposed in released files; this is a legislative advocacy announcement, not an enforcement action imposing a penalty or remedy.
$1.9M
New York Attorney General Letitia James secured a settlement after an investigation found Dollar General stores routinely charged customers more than advertised or posted prices and issued confusing receipts. Dollar General must donate $1.875 million in food and personal items to Foodlink and implement pricing, receipt, training, and audit reforms.
New York Attorney General Letitia James released an updated guide warning voters that AI-generated election content and chatbots may provide misleading information. This is public guidance, not an enforcement action, and the release describes no penalty or privacy violation.
New York Attorney General Letitia James and a bipartisan coalition of 39 other attorneys general filed a motion in Character Technologies, Inc.’s bankruptcy, citing risks to children and sensitive user information and potential violations of state privacy laws. The coalition asks the court, the company, and any prospective buyer to require meaningful privacy and safety protections; no fine or final remedy is reported.
New York Attorney General Letitia James, the FTC, and six other state attorneys general asked a federal court to hold Martin Shkreli in contempt for allegedly trading pharmaceutical stocks and discussing pharmaceutical companies in violation of his lifetime industry ban. The requested sanctions include divestiture, an accounting of his trading, forfeiture of trading profits, and possible further fines or incarceration; the release describes a request to the court, not a new ruling imposing those measures.