CFPB Orders Equifax to Pay $15 Million for Improper …
1 day ago · The order requires Equifax to comply with federal law, and Equifax must pay a $15 million civil money penalty, which will be deposited into the CFPB’s victims relief fund. “Equifax failed in its basic duty to investigate and resolve consumer disputes about inaccurate information on their credit reports,” said CFPB Director Rohit Chopra.
CFPB orders Equifax to pay $15 million for credit reporting errors
12 hours ago · Equifax said the consent order "turns the page on the CFPB's long-running investigation into our consumer dispute processes." "We engaged collaboratively and transparently with the CFPB on these matters and worked proactively, even before the investigation began, to address the CFPB's concerns through holistic changes to our …
Equifax fined $15 million over its handling of consumer disputes
13 hours ago · The CFPB's order mandates that Equifax comply with federal laws governing credit reporting disputes and pay a $15 million civil penalty, which will be allocated to the CFPB's victims relief fund.
Statement: CFPB orders Equifax to pay $15 million penalty
12 hours ago · WASHINGTON — The Consumer Financial Protection Bureau (CFPB) ordered Equifax on Friday to pay a $15 million civil money penalty into the CFPB’s victims relief fund for failing to conduct what the bureau called “proper” investigations of consumer disputes. The order also requires Equifax, one of the three nationwide consumer reporting ...
Equifax fined $15M by CFPB for inadequate reporting error probes
12 hours ago · Equifax (NYSE:EFX) has been fined $15M by the Consumer Financial Protection Bureau (CFPB) for conducting inadequate investigations of disputes by the consumer reporting agency’s customers, the ...
CFPB Issues Report on TransUnion, Experian, and Equifax
Jan 3, 2023 · The Fair Credit Reporting Act requires the CFPB to submit an annual report about complaints submitted by consumers regarding the nationwide consumer reporting companies: Equifax, Experian, and TransUnion.
CFPB, FTC and States Announce Settlement with Equifax Over …
Jul 22, 2019 · The Consumer Financial Protection Bureau (Bureau), the Federal Trade Commission (FTC), and 48 states, the District of Columbia and Puerto Rico announced a global settlement today with Equifax that would provide up to $700 million in …
summarizes information gathered by the Consumer Financial Protection Bureau (CFPB) regarding certain consumer complaints transmitted by the CFPB to the three largest nationwide consumer reporting agencies (NCRAs)—Equifax, Experian, and TransUnion.
Equifax fined $15M by CFPB for inadequate investigations of
The CFPB also ordered Equifax to comply with federal law. “The settlement and consent order reached with the Consumer Financial Protection Bureau (CFPB) today turns the page on the CFPB’s long ...
Equifax to Pay $15 Million Over Flawed Credit Report Probes
14 hours ago · Credit reporting giant Equifax Inc. will pay $15 million to resolve claims that it failed to properly investigate consumer disputes of items on their credit reports, the Consumer Financial Protection Bureau said.. The Atlanta-based company ignored documents customers submitted to back up their claims and allowed errors that had already been deleted to be reinserted into …