Equifax Ordered to Pay $15 Million by CFPB for Failing to Investigate Credit Disputes Adequately
The CFPB has ordered Equifax to pay $15 million for improperly investigating credit report disputes and providing inaccurate credit scores due to software errors.
Equifax Fined $15M For Inaccurate Credit Scores, Mishandling Disputes: CFPB
One of the nation’s largest credit reporting agencies has been fined $15 million for issuing inaccurate credit scores and failing to properly investigate consumer disputes, officials said. Equifax will pay the fine into the Consumer Financial Protection Bureau's victims relief fund,
Equifax fined $15 million over its handling of consumer disputes
The Consumer Financial Protection Bureau has imposed a $15 million fine on Equifax, a consumer reporting agency, for failing to adequately investigate cons
CFPB fines Equifax $15 million for errors on credit reports
The Consumer Financial Protection Bureau fined Equifax $15 million for credit reporting errors. The CFPB alleged the credit bureau failed to properly investigate consumer disputes.
US consumer bureau fines Equifax $15 million for issues fixing consumer disputes
The U.S. Consumer Financial Protection Bureau announced on Friday it had fined credit reporting bureau Equifax $15 million for failing to sufficiently investigate consumer disputes of its credit reports.
Equifax hit with $15 million penalty from U.S. Consumer Financial Protection Bureau
Equifax will pay a $15 million penalty for failing to properly investigate credit report disputes. The Consumer Financial Protection Bureau issued a consent order on Friday against the Atlanta-based consumer reporting agency,
The laws behind credit repair
While CROA focuses on regulating credit repair companies, other federal laws are focused on protecting consumers. The Fair ...
Industry groups sue to stop Biden from banning medical debt on credit reports
Opposition is quickly forming against the Biden administration’s rule to ban medical debt from appearing on consumers’ credit ...
Experian accused of failing to properly investigate consumer disputes
A top watchdog agency for consumer finance has accused credit rating company Experian of failing to properly investigate ...
Experian credit bureau sued for allegedly failing to properly probe consumer complaints
Experian was sued by the Consumer Financial Protection Bureau, which accused the Costa Mesa-based credit bureau of failing to ...
Independent gov agency sues Experian for ‘sham investigations of credit report errors'
The CFPB sued Experian, accusing the credit reporting bureau of violating “The Fair Credit Reporting Act” by not taking the ...
The Hill on MSN11d
CFPB finalizes rule barring medical debt from credit reports
The CFPB’s finalized rule essentially restores a provision of the Fair Credit Reporting Act of 1970, which restricted ...
WTVD4d
Consumers with medical debt stuck in the middle as ban from credit report faces lawsuit
With the new lawsuits, consumers with medical debt will be stuck in the middle but experts say there are options.