Equifax to pay $15 million for failing to conduct proper investigations on credit reporting errors
Equifax failed in its basic duty to investigate and resolve consumer disputes about inaccurate information on their credit reports.”
Equifax Paying $15 Million For Consumer Dispute Failures
For the “failure to conduct proper investigations of consumer disputes,” the Consumer Financial Protection Bureau (CFPB) last Friday announced enforcement actions taken against Equifax, requiring the nationwide consumer reporting agency to pay a $15 million civil money penalty and bring its business practices into compliance with federal law.
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.
CFPB fines Equifax $15 million over errors on credit reports
The Consumer Financial Protection Bureau fined Equifax $15 million over credit reporting errors. The CFPB alleged the credit bureau failed to properly investigate consumer disputes. Credit reports have a significant impact on consumer finances,
US consumer bureau fines Equifax $15 million over handling of 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 to pay $725,000 to state AG over inaccurate credit scores
Equifax must pay $725,000 as part of a settlement with the state after a coding error in 2022 led to the inaccurate lowering of some New Yorkers' credit scores.
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 orders Equifax to pay $15 million for credit reporting errors
Equifax agreed to resolve allegations that it failed to conduct proper investigations of consumer disputes, ignored evidence and allowed previously deleted inaccuracies to be reinstated on credit reports.
Credit agency crackdown: CFBP fines Equifax for damaging credit report errors
The CFPB cited Equifax’s failure to investigate disputes and resolve errors as part of its crackdown on credit reporting.
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.
CFPB Fines Equifax $15M Over Consumer Dispute Probes -- Update
The Consumer Financial Protection Bureau alleged Friday that Equifax made it difficult for consumers to fully describe their disputes and ignored evidence submitted with those disputes. It also lacked the systems needed to prevent previously deleted errors from being put back on credit reports,
Auto Remarketing22h
CFPB penalties against American Honda Finance & Equifax approach $30M
The Consumer Financial Protection Bureau finished last week with notable actions against a captive finance company and a ...
Zenbase Partners with Skyline Living to Enhance Resident Experience with Automated Rental Reporting and Split Rent Payments
Skyline Living, one of Canada’s leading real estate providers, has announced a strategic partnership with Zenbase, a ...
These mistakes could tank your credit score
Even small mistakes can negatively impact your credit score; here are some of the most common credit report errors and how ...
Hosted on MSN9h
Did Equifax Fail You? CFPB Slams Credit Giant with $15M Penalty for Outrageous Consumer Failures!
The Consumer Financial Protection Bureau (CFPB) has taken enforcement action against Equifax, one of the nation’s largest ...