In a bit of a surprise development at the end of 2024, the United States Senate passed the Homebuyers Privacy Protection Act, which amends the ...
The Consumer Financial Protection Bureau (CFPB) announced on Jan. 17, 2025, that Equifax, one of the three major credit bureaus, must pay a $15 million penalty for not conducting ...
In today's episode, we discuss the CFPB’s recent proposed data broker rule—a proposal that would greatly expand the reach of the Fair Credit ...
Equifax will pay a $15 million penalty for failing to properly investigate credit report disputes.
The regulatory agency said it is ordering Honda Finance to pay $10.3 million redress to consumers and a $2.5 million civil penalty. Honda Finance, which is an auto-finance subsidiary of American Honda ...
The Consumer Financial Protection Bureau has imposed a $15 million fine on Equifax, a consumer reporting agency, for failing ...
The CFPB cited Equifax’s failure to investigate disputes and resolve errors as part of its crackdown on credit reporting.
While CROA focuses on regulating credit repair companies, other federal laws are focused on protecting consumers. The Fair ...
One of the nation’s largest credit reporting agencies has been fined $15 million for issuing inaccurate credit scores and ...
argue that the rule violates the Fair Credit Reporting Act and the bureau lacks the authority to issue such a ban. “Americans are frustrated by medical bills. But frustration does not justify ...
Harvard University has hired another law firm to help it navigate a U.S. House investigation into its response to claims of ...
The CFPB alleges Experian has violated the Fair Credit Reporting Act, which requires an agency take steps to ensure that reports filed by consumers are accurate and an investigation is conducted.