The Consumer Financial Protection Bureau found that the Atlanta-based company failed to properly investigate disputes in credit reports.

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Equifax hit with $15 million penalty from U.S. Consumer Financial Protection Bureau

The CFPB alleged the credit reporting bureau failed to conduct proper investigations of consumer disputes.

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CFPB fines Equifax $15 million for errors on credit reports

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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 Consum…

Daily Voice

Equifax Fined $15M For Inaccurate Credit Scores, Mishandling Disputes: CFPB

On January 17, 2025, the CFPB issued a consent order against a large consumer reporting agency for failing to properly investigate consumer disputes concerning inaccurate information on consumers’ credit reports. The CFPB alleges the agency violated the Fair Credit Reporting Act (FCRA), by relying on ineffective processes and failing to thoroughly investigate disputes.  The CFPB alleges the agency failed to implement reasonable procedures to ens…

LexBlog

CFPB Orders Credit Reporting Agency to Pay $15 Million for Mishandling Consumer Disputes

The Consumer Financial Protection Bureau (CFPB) filed an amicus brief Thursday (Jan. 16), saying it aims to ensure that credit reporting companies are held accountable for “junk data” and don’t secure “loopholes” in the law that prevent that accountability. The regulator filed the amicus brief in a case in which TransUnion has argued that it doesn’t have to provide consumers with the source of some of the information in their credit reports, inc…

PYMNTS.com

CFPB: Credit Reporting Companies Must Disclose Source of Consumer Data

Elijah Nouvelage/Bloomberg via Getty Images 
The Consumer Financial Protection Bureau fined Equifax $15 million over errors tied to consumer credit reports, alleging the company failed to conduct proper investigations of disputed information, the federal watchdog announced Friday. Equifax is one of three major credit reporting agencies in the U.S., a group that also includes Experian and TransUnion. “Equifax ignored consumer documents and eviden…

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In this articleEFXFollow your favorite stocksCREATE FREE ACCOUNTElijah Nouvelage/Bloomberg via Getty ImagesThe Consumer Financial Protection Bureau fined Equifax $15 million over errors tied to consumer credit reports, alleging the company failed to conduct proper investigations of disputed information, the federal watchdog announced Friday.Equifax is one of three major credit reporting agencies in the U.S., a group that also includes Experian a…

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The U.S. Consumer Financial Protection Bureau announced it had fined credit reporting bureau Equifax (NYSE: EFX) $15 million for failing to investigate consumer

abbonews.com

US Consumer Bureau Fines $15 Million Over Handling of Consumer Disputes

Today, the Consumer Financial Protection Bureau (CFPB) took action against Equifax, the nationwide consumer reporting agency, for its failure to conduct proper investigations of consumer disputes. 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 inves…

Equifax hit with $15 million penalty from U.S. Consumer Financial Protection Bureau

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