CFPB fines Equifax $15 million for errors on credit reports

CFPB fines Equifax million for errors on credit reports

Key Points

The Consumer Financial Protection Bureau fined Equifax $15 million for credit reporting errors.
The CFPB alleged the credit bureau failed to properly investigate consumer disputes.
Credit reports have a significant impact on consumer finances, experts said. They may dictate someone’s success in qualifying for a loan, renting an apartment or getting a job.

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