Equifax was heavily fined by the Consumer Financial Protection Bureau for not adequately investigating consumer credit report disputes.

The accusations against Equifax mirror allegations made in a lawsuit filed against fellow credit-reporting giant Experian just two weeks ago, in which the consumer watchdog claimed that Experian ...

The Consumer Financial Protection Bureau finished last week with notable actions against a captive finance company and a credit bureau with total penalties against the companies approaching $30 ...

Equifax (NYSE:EFX) has been fined $15M by the Consumer Financial Protection Bureau (CFPB) for conducting inadequate investigations of disputes by the consumer reporting agency’s customers, the ...

“The $15 million that was imposed on Equifax was a civil money penalty,” says Chi Chi Wu, senior attorney at the National Consumer Law Center. In other words, it was a fine, not a lawsuit fund ...

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 ...

Equifax is one of three major credit reporting ... The $15 million civil penalty follows a lawsuit CFPB filed against another credit bureau, Experian, on Jan. 7, alleging the company conducted ...

Equifax has also agreed to bring its dispute resolution processes into compliance with the Fair Credit Reporting Act and other government requirements, said the agency. The CFPB filed a lawsuit in ...

In 2023, Experian settled a class-action lawsuit for $22.5 million for similar issues. This highlights the importance of checking your credit report quarterly and disputing any errors. For a free ...