Equifax, CFPB and Credit Score

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 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 to pay $725,000 to state AG over inaccurate credit scores
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.
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.
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 to adequately investigate cons
Equifax Fined $15M For Consumer Dispute Failures
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.
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.
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.
CFPB Fines Equifax $15M Over Consumer Dispute Probes -- Update
The Consumer Financial Protection Bureau alleged Friday that Equifax made it difficult for consumers to fully describe their disputes and ignored evidence submitted with those disputes. It also lacked the systems needed to prevent previously deleted errors from being put back on credit reports,
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Equifax settles complaint of coding error impacting scores
Without admitting wrongdoing, Equifax agreed to pay $725,000 because of a three-week error which lowered credit scores for 77 ...
How credit inquiries affect your credit score
A hard credit inquiry could lower your credit score by as much as 10 points, though in many cases, the damage probably won’t ...
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Equifax settles with NY Attorney General over inaccurate credit score reporting
New York Attorney General Letitia James has announced a settlement with Equifax Information Services, LLC over inaccuracies in credit scores reported for tens of thousands of New Yorkers.
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 ...
These mistakes could tank your credit score
Even small mistakes can negatively impact your credit score; here are some of the most common credit report errors and how ...
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What do the 3 credit bureaus do?
The three major credit bureaus are Equifax, Experian and TransUnion. The credit bureaus manage records on your accounts, ...
Equifax price target lowered to $300 from $340 at Jefferies
Jefferies lowered the firm’s price target on Equifax (EFX) to $300 from $340 and keeps a Buy rating on the shares. Among the credit bureaus, ...