Equifax was heavily fined by the Consumer Financial Protection Bureau for not adequately investigating consumer credit report disputes.

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,

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.

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

Equifax will pay a $15 million penalty for failing to properly investigate credit report disputes.

For the “failure to conduct proper investigations of consumer disputes,” the Consumer Financial Protection Bureau (CFPB) last Friday announced enforcement actions taken against Equifax, requiring the nationwide consumer reporting agency to pay a $15 million civil money penalty and bring its business practices into compliance with federal law.

The Consumer Financial Protection Bureau has imposed a $15 million fine on Equifax, a consumer reporting agency, for failing to adequately investigate cons

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

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 finished last week with notable actions against a captive finance company and a credit bureau with total penalties against the companies approaching $30 million.

ATLANTA, Ga. (Atlanta News First) - 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.

The CFPB—tasked to protect consumers from unfair banking practices—was created by Democrats in the wake of the 2008 financial crisis.