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 ...

We help consumers connect with financial companies to understand issues, fix errors, and get direct responses about problems. We’ll forward your issue to the company, give you a tracking number, and keep you updated on the status of your complaint. Equifax is one of the three nationwide providers of consumer reports.

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 ...

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.

The Consumer Financial Protection Bureau (Bureau) intends to initiate an administrative proceeding against Equifax, Inc. and Equifax Information Services LLC (Respondent), under 12 U.S.C. §§ 5563 and 5565, for its processing of consumer disputes related to consumer reports in violation of the Fair Credit Reporting Act (FCRA), 15 U.S.C. § 1681

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.

3 days ago · The Consumer Financial Protection Bureau (CFPB) announced on Jan. 17, 2025, that Equifax, one of the three major credit bureaus, must pay a $15 million penalty for not conducting thorough ...

Jan 17, 2025 · 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...

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.