CFPB Orders Equifax to Pay $15 Million for Improper …
1 day ago · The CFPB found Equifax ignored consumer documents and evidence submitted with disputes, allowed previously deleted inaccuracies to be reinserted into credit reports, provided confusing and conflicting letters to consumers about the results of its investigations, and used flawed software code which led to inaccurate consumer credit scores. The ...
Equifax Fined $15M For Inaccurate Credit Scores, Mishandling
Equifax will pay the fine into the Consumer Financial Protection Bureau's victims relief fund, the federal agency said in a news release on Friday, Jan. 17. The CFPB's investigation found Equifax ...
CFPB fines Equifax $15 million for errors on credit reports
23 hours ago · 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.
CFPB orders Equifax to pay $15 million for credit reporting errors
1 day ago · Equifax found that more than 600,000 consumers had credit scores that were 10 points or more lower than they should have been, with 139,000 consumers having their scores drop by 25 points or more. As a result, thousands of consumers "may have been offered less favorable credit terms as a result of [the software] errors," the CFPB said in its 75 ...
CFPB fines Equifax $15 million for errors on credit reports
1 day ago · CFPB fines Equifax $15 million for errors on credit reports. by News Feed Editor | Jan 17, 2025 | Financial. ... latter is a numerical output compiled with information on a consumer’s credit report.”If you see a sudden change in credit score, that’s a signal,” Rust said.The three major credit bureaus allow consumers to request a free ...
CFPB fines Equifax $15M for mishandling credit report disputes
1 day ago · CFPB takes action against credit bureau for botched investigations and recurring errors. Here's what it means for your credit score.
Equifax Inc. and Equifax Consumer Services LLC
Jan 3, 2017 · The CFPB ordered Equifax to truthfully represent the value of the credit scores they provide, and the cost of obtaining those credit scores and other services. Equifax must pay more than $3.8 million in restitution to consumers, and fines totaling $2.5 million to the CFPB.
CFPB Orders TransUnion and Equifax to Pay for Deceiving …
Jan 3, 2017 · The CFPB ordered TransUnion and Equifax to truthfully represent the value of the credit scores they provide and the cost of obtaining those credit scores and other services. Between them, TransUnion and Equifax must pay a total of more than $17.6 million in restitution to consumers, and fines totaling $5.5 million to the CFPB.
TransUnion, Equifax fined for deceptive practices - Financial Times
Jan 3, 2017 · TransUnion and Equifax must pay a total of at least $17.6m in restitution as well as fines totaling $5.5m. The Consumer Financial Protection Bureau said the companies had deceived customers...
Equifax, Inc. - Federal Trade Commission
Equifax, Inc. agreed to pay at least $575 million, and potentially up to $700 million, as part of a global settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau (CFPB), and 50 U.S. states and territories to settle allegations that the credit reporting company's failed to take reasonable steps to secure its network.