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By Pete Schroeder (Reuters) -The U.S. Consumer Financial Protection Bureau announced on Friday it had fined credit reporting bureau Equifax $15 million for failing to sufficiently investigate ...
Equifax was the subject of more than 57,000 consumer complaints to the Consumer Financial Protection Bureau from October 2012 to September 17, 2017, with most complaints relating to incomplete, inaccurate, outdated, or misattributed information held by the company. [20]
In both October 2017 and March 2018, Equifax reported that an additional 2.5 and 2.4 million American consumer records were accessed, respectively, bringing the total to 147.9 million. [ 42 ] [ 43 ] Equifax narrowed its estimate for UK consumers affected by the breach to 15.2 million in October 2017, [ 44 ] [ 45 ] of which 693,665 had sensitive ...
In 2017, consumer credit rating giant Equifax suffered one of the country's largest data breaches, exposing the personal information of 147 million U.S. citizens, or roughly 40% of the population ...
Equifax says it has collected consumer credit data on more than 245 million Americans. Experian. Experian is a global credit reporting agency that has operated for more than 125 years. Its North ...
Credit bureaus had the most complaints of all companies filed with the CFPB by consumers in 2018, with 34% of all complaints directed at TransUnion, Equifax, and Experian that year. [35] In June 2017, a California jury ruled against TransUnion with a $60 million verdict in the largest Fair Credit Reporting Act (FCRA) verdict in history. [36]
To spot these errors, it’s important to review your credit report at least once a year. You can get a free copy from each of the three main credit bureaus (Equifax, Experian and TransUnion) at ...
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.