Equifax processes approximately “765,000 disputes each month.” The Fair Credit Reporting Act (FCRA) requires consumer reporting agencies to investigate the “accuracy of disputed information ...

On January 17, the CFPB issued a consent order settling allegations that a consumer reporting agency (CRA) violated the FCRA and engaged in unfair acts and practices, violating the CFPA.

violations of the Fair Credit Reporting Act. The company agreed to pay $10.3 million to customers who were harmed and another $2.5 million civil money penalty for damaging borrowers' credit. That $2.5 ...

The Consumer Financial Protection Bureau has imposed a $15 million fine on Equifax ... to make critical decisions. Under the Fair Credit Reporting Act, consumer reporting agencies like Equifax ...

Equifax has also agreed to bring its dispute resolution processes into compliance with the Fair Credit Reporting Act and other government requirements, said the agency. The CFPB filed a lawsuit in ...

citing the firm for violations of the Fair Credit Reporting Act (FCRA), levying a $15 million dollar fine against the credit bureau. The CFPB cited a wide variety of violations ranging from ...

The Fair Credit Reporting Act (FCRA) is the regulation that employers ... reputational damage, and fines. Fix this by: Always obtaining written consent from candidates before conducting background ...

Besides imposing the fine, which will be deposited into ... CFPB found that Equifax violated requirements of the Fair Credit Reporting Act, which requires consumer reporting agencies to ...

President Trump and other critics of the agency say it needs to be shut down. Supporters of the agency point to its record of protecting consumers.

Credit bureaus are required by the FCRA to provide notice of a consumer dispute to the ... information that it should have blocked due to identity theft. The $15 million fine will be paid to the ...