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.

The two companies will pay $5.5 million in fines plus $17.6 ... about the usefulness of the credit scores they marketed.” The CFPB targeted Atlanta-based Equifax for practices from 2011 to ...

The Consumer Financial Protection Bureau fined Equifax $15 million over ... code which led to inaccurate consumer credit scores," according to the CFPB's order. Credit reports are a ledger of ...

CFPB Director Richard Cordray said that consumers' credit scores are a core touchstone of people's financial ... set aside $13.9 million for customer restitution and a $3 million fine. Equifax, ...

TransUnion will reimburse $13.93 million to consumers and pay a $3 million civil fine ... on credit scores from TransUnion, Equifax and rival Experian when lending money. But the CFPB said ...

About 700,000 TransUnion customers will be paid restitution. The CFPB did not have a figure for Equifax. Related: Your credit score isn't what you think The practices have been going on since July ...

As a result, the two companies must pay a total of more than $17.6 million in restitution to consumers, and fines totaling $5.5 million to the CFPB ... Equifax falsely represented that the credit ...