Equifax fined $15M for failing to correctly address consumer credit report errors, per CFPB.

The Consumer Financial Protection Bureau (CFPB) fined Equifax $15 million for failing to properly investigate consumer disputes over credit report errors. Equifax ignored consumer evidence, allowed errors to reappear, and used flawed software leading to inaccurate credit scores. The fine will go to the CFPB's victims relief fund. Equifax must now adhere to federal regulations on credit reporting accuracy.

2 months ago
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