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,

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 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.

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,

The Consumer Financial Protection Bureau has imposed a $15 million fine on Equifax, a consumer reporting agency, for failing to adequately investigate cons

CFPB takes action against credit bureau for botched investigations and recurring errors. Here's what it means for your credit score.

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.

Equifax will pay a $15 million penalty for failing to properly investigate credit report disputes.

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.

Key Points ・The CFPB ordered Equifax to pay $15 million for mishandling consumer disputes and re-inserting previously deleted mistakes. ・Flawed processes led to confusing letters, inaccurate credit scores,