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CFBP fines Equifax for damaging credit report errors
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,
Credit agency crackdown: CFBP fines Equifax for damaging credit report errors
The CFPB cited Equifax’s failure to investigate disputes and resolve errors as part of its crackdown on credit reporting.
US consumer bureau fines Equifax $15 million for issues fixing 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 $15M For Inaccurate Credit Scores, Mishandling Disputes: CFPB
One of the nation’s largest credit reporting agencies has been fined $15 million for issuing inaccurate credit scores and failing to properly investigate consumer disputes, officials said. Equifax will pay the fine into the Consumer Financial Protection Bureau's victims relief fund,
CFPB Fines Equifax $15M Over Consumer Dispute Probes -- Update
The Consumer Financial Protection Bureau alleged Friday that Equifax made it difficult for consumers to fully describe their disputes and ignored evidence submitted with those disputes. It also lacked the systems needed to prevent previously deleted errors from being put back on credit reports,
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 ordered to pay $15 million for improper investigations regarding credit card errors
The Consumer Financial Protection Bureau (CFPB) this week ordered Equifax to pay $15 million for failing to conduct proper investigations regarding credit card errors, according to a press release. Equifax,
22h
These mistakes could tank your credit score
Even small mistakes can negatively impact your credit score; here are some of the most common credit report errors and how ...
CNN on MSN
11d
Medical debt soon will be banned on credit reports
Americans won’t have to worry about unpaid medical bills damaging their credit reports and scores much longer.
2d
How credit inquiries affect your credit score
A hard credit inquiry could lower your credit score by as much as 10 points, though in many cases, the damage probably won’t ...
1d
on MSN
3 tips to getting a good credit score
There’s no need to pay anyone to “repair” your credit; you have all the tools you need to raise your FICO number.
9d
This Week In Credit Card News: Medical Debt To Be Eliminated From Credit Reports
Outstanding credit card and other revolving debt decreased $13.7 billion, the most since early in the pandemic, after surging ...
CNET on MSN
10d
Medical Debt Will Disappear From Credit Reports in March, CFPB Ruling Says
The ruling by the Consumer Financial Protection Bureau could help lift credit scores, but it may face legal challenges.
13h
Medical debt banned from credit reports, but experts encourage those who owe to pay what they can
Despite creditors being banned from considering medical debt for those looking to get a loan, experts say those who owe money ...
9d
on MSN
New CFPB Rule Keeps Medical Debt Off Credit Reports: What You Need to Know
Americans will no longer have to decide what’s more important: Their health or their credit score. Finalized on January 7, a ...
11d
Biden Administration Moves to Ban Medical Debt From Credit Reports
The future of the new rule remains in question, however, with President-elect Donald J. Trump set to return to the White ...
WTVD
10d
New rule removes medical debt from credit reports and no longer factor into your score
The government watchdog says it can no longer be factored into your credit score, but you still are responsible for paying ...
6d
on MSN
Homebuyers Didn't Have To Worry About Credit Scores Until 1989? Not Quite
1989 was a milestone year in the credit world, but statistical credit scoring has been around since the 1950s.
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