Equifax, Inc. and Equifax Information Services LLC | Consumer Financial ...
Jan 17, 2025 · The Bureau also found that Equifax engaged in unfair acts or practices in violation of the Consumer Financial Protection Act of 2010 by: (1) using ineffective systems, flawed processes, and excessive deference to furnishers to resolve consumer disputes and failing to adequately inform consumers of the results of reinvestigations; and (2 ...
CFPB Orders Equifax to Pay $15 Million for Improper …
Jan 17, 2025 · The CFPB took action against Equifax, the nationwide consumer reporting agency, for its failure to conduct proper investigations of consumer disputes. ... The Consumer Financial Protection Bureau is a 21st century agency that implements and enforces Federal consumer financial law and ensures that markets for consumer financial products are fair ...
Equifax, Inc. and Equifax Information Services LLC | Consumer Financial ...
On January 17, 2025, the Bureau issued an order against Equifax, Inc. and Equifax Information Services LLC, one of the largest consumer reporting agencies in the country. Skip to main content ... (Filed by Consumer Financial Protection Bureau) 001: 01/17/2025 Consent order (Filed by Consumer Financial Protection Bureau) Proceeding details
Equifax to Pay $575 Million as Part of Settlement with FTC, CFPB, …
Equifax Inc. has agreed to pay at least $575 million, and potentially up to $700 million, as part of a global settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau (CFPB), and 50 U.S. states and territories, which alleged that the credit reporting company’s failure to take reasonable steps to secure its ...
or providing to a consumer any financial product or service not in conformity with “Federal consumer financial law” or otherwise committing any act or omission in violation of a “Federal consumer financial law.” 12 U.S.C. § 5536(a)(1)(A). 114. The Fair Credit Reporting Act is a Federal consumer financial law. 15 U.S.C. 1681 et seq. 115.
summarizes information gathered by the Consumer Financial Protection Bureau (CFPB) regarding certain consumer complaints transmitted by the CFPB to the three largest nationwide consumer reporting agencies (NCRAs)—Equifax, Experian, and TransUnion.
US consumer bureau fines Equifax $15 million over handling of consumer …
6 days ago · 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 fined $15 million over its handling of consumer disputes
6 days ago · The Consumer Financial Protection Bureau has imposed a $15 million fine on Equifax, a consumer reporting agency, for failing to adequately investigate consumer disputes regarding credit reports.
Plaintiff, the Bureau of Consumer Financial Protection (“Bureau”), has filed its Complaint for a permanent injunction, civil penalties, and other relief in this matter.
Equifax, Inc. - Consumer Financial Protection Bureau
Equifax, Inc. On July 22, 2019, the Consumer Financial Protection Bureau (Bureau), the Federal Trade Commission (FTC), and 48 states, the District of Columbia and Puerto Rico entered into a global settlement with Equifax that provides up to $700 million in monetary relief and penalties.
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