In a move that could have significant implications for consumers and the credit reporting industry, the Consumer Financial Protection Bureau (CFPB) has taken legal action against Experian, one of the nation's largest credit reporting agencies. The lawsuit ...

Experian was sued by the Consumer Financial Protection Bureau, which accused the Costa Mesa-based credit bureau of failing to properly probe consumer disputes.

The CFPB sues Experian for "sham investigations," alleging violations of FCRA and CFPA. Demands reforms and penalties.

Without admitting or denying the findings, Equifax has agreed to pay a $15 million civil monetary penalty that will be deposited into the CFPB's victims relief fund. A representative for Equifax didn't immediately respond to a request for comment.

The CFPB has sued Experian, claiming the company failed to properly investigate consumer credit report disputes.

The Consumer Financial Protection Bureau (CFPB) today sued Experian, the national consumer credit reporting agency, for threatening consumers’ access to credit, employment, and housing by failing to properly investigate consumer disputes.

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Experian, one of the nation's largest credit reporting agencies, for failing to

A top watchdog agency for consumer finance has accused the credit rating company Experian of failing to properly investigate consumer disputes. In an announcement Tuesday, the Consumer Financial Protection Bureau (CFPB) said it had sued the company for unlawfully failing to investigate consumers’ issues.

The U.S. Consumer Financial Protection Bureau announced on Friday it had fined credit reporting bureau Equifax $15 million for failing to sufficiently investigate consumer disputes of its credit reports.

The CFPB cited Equifax’s failure to investigate disputes and resolve errors as part of its crackdown on credit reporting.

While advocates argue the change will provide great financial relief to millions struggling with high health care costs, critics contend it could harm financial systems and incentivize delinquency.