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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