CFBP fines Equifax for damaging credit report errors

CFPB fines Equifax $15 million for errors on credit reports
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.
Equifax Fined $15M For Inaccurate Credit Scores, Mishandling Disputes: CFPB
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 Consumer Financial Protection Bureau's victims relief fund,
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.
CFPB Fines Equifax $15M Over Consumer Dispute Probes
Without admitting or denying the findings, Equifax has agreed to pay a $15 million civil monetary penalty that will be deposited into the CFPB's victims relief fund. A representative for Equifax didn't immediately respond to a request for comment.
Equifax Faces $15 Million Fine for Credit Report Errors
Equifax has been fined $15 million by the U.S. Consumer Financial Protection Bureau for failing to investigate consumer disputes thoroughly, leading to inaccurate credit scores. Equifax will pay the penalty and revamp its dispute processes as part of the settlement.
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 $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,
Equifax Faces CFPB's $15 Million Fine for Reporting Lapses
Equifax has been ordered by the CFPB to pay $15 million due to improper investigations into credit reporting errors. This penalty underscores the regulatory scrutiny aimed at ensuring accurate credit reporting by major agencies and upholds consumer rights in addressing erroneous financial data.
CFPB Orders Equifax To Pay $15 Million For Improper Investigations Of Credit Reporting Errors
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,
US consumer bureau fines Equifax $15 million over handling of consumer disputes
In a statement, a spokesperson for Equifax said the settlement "turns the page" on the matter, which it first disclosed in 2022.
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.
ConsumerAffairs21h
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 ...
Equifax hit with $15 million penalty from U.S. Consumer Financial Protection Bureau
Equifax will pay a $15 million penalty for failing to properly investigate credit report disputes.
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Medical debt to be stripped from credit reports by federal rule. What to know
The CFPB said that Americans with medical debt on their credit reports could see their credit scores rise by an average of 20 points. The three nationwide credit reporting conglomerates ...