The CFPB has ordered Equifax to pay $15 million for improperly investigating credit report disputes and providing inaccurate credit scores due to software errors.
The Consumer Financial Protection Bureau has imposed a $15 million fine on Equifax, a consumer reporting agency, for failing to adequately investigate cons
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.
The Consumer Financial Protection Bureau (CFPB) has fined Equifax Inc. $15 million for failing to properly investigate consumer disputes, leading to inaccurate credit scores and data.
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.
The U.S. Consumer Financial Protection Bureau fined Equifax $15 million for insufficiently investigating consumer credit report disputes. Equifax ignored evidence from consumers, reinstated inaccuracies,
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.
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,
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