VerdictStats

Consumer Financial Protection Bureau

CFPB v. Equifax

Settled$15Fine

Equifax allegedly failed to conduct proper investigations of consumer disputes. According to the CFPB, Equifax ignored consumer documents and evidence submitted with disputes, allowed previously deleted inaccuracies to be reinserted into credit reports, provided confusing and conflicting letters to consumers about the results of its investigations, and used flawed software code which led to inaccurate consumer credit scores.

Summary generated from official Consumer Financial Protection Bureau press release

Source: Consumer Financial Protection Bureau Press Release ↗

Parties

Defendants / Respondents
  • Equifax

Dates

Published
January 17, 2025

Case Details

Industry
Finance
Penalty Type
Fine