logo
welcome
CNBC

CNBC

CFPB fines Equifax $15 million for errors on credit reports

CNBC
Summary
Nutrition label

90% Informative

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 are a ledger of consumers' borrowing records, such as loan payment history and bankruptcy filings.

Equifax processes about 765,000 consumer disputes a month .