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 ...

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 ...