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The lawsuit, filed on Jan. 7, 2024, alleges Experian has been conducting "sham investigations" of consumer report errors, potentially jeopardizing millions of Americans' access to credit ...
The CFPB's lawsuit, filed in a U.S. District Court in California, seeks to stop the company's unlawful conduct and a civil money penalty, which would be paid into the agency's victims relief fund.
Consumer Financial Protection Bureau (CFPB) director Rohit Chopra has said he does not believe his agency should be a “dead fish” in the final weeks of the Biden administration.
The Consumer Financial Protection Bureau (CFPB) experienced a significant security breach when a former employee transferred confidential information on approximately 256,000 consumers and forty-five financial institutions to their personal email account.
The companies filed for Chapter 11 bankruptcy protection after the court ruling, shutting about 80% of their business operations, including telemarketing call centers. "Exploited vulnerable consumers"
Fair and Accurate Credit Transactions Act; Other short titles: Financial Literacy and Education Improvement Act: Long title: An Act to amend the Fair Credit Reporting Act, to prevent identity theft, improve resolution of consumer disputes, improve the accuracy of consumer records, make improvements in the use of, and consumer access to, credit information, and for other purposes.
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