Equifax Fined $15M for Credit Errors
This is a news story, published by CNBC, that relates primarily to Equifax news.
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credit report errorsCNBC
•CFPB fines Equifax $15 million for errors on credit reports
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 .
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