First Financial Lending and Greystone Mortgage have taken legal action against Equifax, with the filing of a class-action lawsuit alleging that the company has established a monopoly within the electronic income and employment verification market. The lawsuit emphasizes the detrimental effects of Equifax’s alleged monopoly on competition and innovation within the industry.
Key points from the text:
– First Financial Lending and Greystone Mortgage are the plaintiffs in a class-action lawsuit against Equifax.
– The lawsuit accuses Equifax of maintaining a monopoly in the market for electronic income and employment verification.
– The plaintiffs argue that Equifax’s alleged monopoly stifles competition and innovation within the industry.
You can read this full article at: https://www.housingwire.com/articles/lenders-file-class-action-lawsuit-against-equifax-citing-monopoly-in-work-number-product/(subscription required)
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