Equifax to Settle CFPB Allegations That It Didn't Ensure Accuracy of Credit Reports

Equifax has agreed to a settlement and consent order that will resolve Consumer Financial Protection Bureau (CFPB) allegations that the consumer reporting agency failed to take steps to ensure the accuracy of its credit reports.Under the consent order, the company will bring its dispute resolution processes into compliance with federal law and pay a $15 million civil penalty to the CFPB’s victims relief fund, the regulator said in a Friday (Jan. 17) press release.The CFPB found that Equifax violated the Fai ...