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,

Equifax must pay $725,000 as part of a settlement with the state after a coding error in 2022 led to the inaccurate lowering of some New Yorkers' credit scores.

Equifax failed in its basic duty to investigate and resolve consumer disputes about inaccurate information on their credit reports.”

The CFPB has ordered Equifax to pay $15 million for improperly investigating credit report disputes and providing inaccurate credit scores due to software errors.

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 agreed to resolve allegations that it failed to conduct proper investigations of consumer disputes, ignored evidence and allowed previously deleted inaccuracies to be reinstated on credit reports.

The Consumer Financial Protection Bureau (CFPB) has fined Equifax Inc. $15 million for failing to properly investigate consumer disputes, leading to inaccurate credit scores and data.

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,