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CFPB Fines Equifax $15M Over Consumer Dispute Probes
US consumer bureau fines Equifax $15 million over handling of consumer disputes
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 credit reports.
Equifax fined $15 million over its handling of consumer disputes
The Consumer Financial Protection Bureau has imposed a $15 million fine on Equifax, a consumer reporting agency, for failing to adequately investigate cons
CFPB Fines Equifax $15M Over Consumer Dispute Probes -- Update
An Equifax spokesperson said the settlement resolves a long-running investigation that was publicly disclosed in 2022. The company worked proactively with the CFPB even before the probe began to address concerns with its dispute process, the spokesperson said.
Equifax Fined $15M Over Credit Errors And Dispute Handling
Key Points ・The CFPB ordered Equifax to pay $15 million for mishandling consumer disputes and re-inserting previously deleted mistakes. ・Flawed processes led to confusing letters, inaccurate credit scores,
CFPB fines Equifax $15 million for errors on credit reports
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,
Equifax fined $15M by CFPB for inadequate investigations of credit reporting errors
Equifax (NYSE:EFX) has been fined $15M by the Consumer Financial Protection Bureau (CFPB) for conducting inadequate investigations of disputes by the consumer reporting agency’s customers, the regulator said Friday.
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12h
US consumer finance watchdog faces lawsuit for classifying digital wallets as banks
Technology trade groups TechNet and NetChoice filed a lawsuit on Jan. 16 to challenge the CFPB's regulatory approach.
JD Supra
1h
CFPB's Proposed Rule Targets Consumer Financial Contracts
The Consumer Financial Protection Bureau (CFPB) issued a proposed rule under Regulation AA to address the use of restrictive and coercive clauses ...
NerdWallet
3d
What Is the Consumer Financial Protection Bureau?
The Consumer Financial Protection Bureau, or CFPB, is a government agency that oversees the consumer finance industry, ...
1d
on MSN
US CFPB fines Cash App-parent Block over insufficient fraud protection
The Consumer Financial Protection Bureau on Thursday ordered payments firm Block to pay a penalty, citing fraud and weak ...
JD Supra
54m
CFPB Seeks Public Input on Privacy and Data Practices in Consumer Finance
The Consumer Financial Protection Bureau (CFPB) issued a Request for Information (RFI) to gather insights on how companies offering financial ...
The National Law Review
2d
What the Future May Hold for the Consumer Financial Protection Bureau's Open Banking Rule
Will the Consumer Financial Protection Bureau’s (CFPB) recently promulgated open banking rule survive under the new Congress ...
3d
on MSN
Consumer bureau sues Capital One for ‘cheating’ customers on savings account interest
The government’s consumer watchdog sued Capital One on Tuesday for “cheating” customers out of billions in interest payments.
3d
Consumer watchdog sues Capital One for allegedly 'cheating' customers out of interest payments
Capital One is defending itself from the CFPB's claims that it cheated customers out of billions of dollars in interest ...
ConsumerAffairs
42m
Honda's financing arm ordered to pay $12 million for credit reportiing failures
The Consumer Financial Protection Bureau (CFPB) has ordered American Honda Finance Corporation to pay $12.8 million for ...
10d
on MSN
Experian accused of failing to properly investigate consumer disputes
A top watchdog agency for consumer finance has accused the credit rating company Experian of failing to properly investigate ...
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