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Credit Reporting

CFPB Orders Equifax to Pay $15 Million for Improper Investigations of Credit Reporting Errors

Equifax failed to conduct adequate investigations of disputed information in credit reports Today, the Consumer Financial Protection Bureau (CFPB) took action against Equifax, the nationwide consumer reporting agency, for its failure to conduct proper investigations of consumer disputes. The CFPB found Equifax ignored consumer documents and evidence submitted with disputes, allowed previously deleted inaccuracies to […]

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Xactus Named Exclusive Credit Reporting, Verification and Flood Provider for ACUMA Services

One of Six Providers Selected for Launch of ACUMA Services Xactus, the leading verification innovator for the mortgage industry, announced today that it has been named the exclusive credit reporting, verification and flood provider for ACUMA Services, a program designed to provide ACUMA trusted credit unions and CUSO members with discounted products and services. Xactus

Xactus Named Exclusive Credit Reporting, Verification and Flood Provider for ACUMA Services Read More »

CFPB Finds Violations of Credit Report Accuracy Requirements, Including for Survivors of Human Trafficking

Examiners also found furnishers failed to correct false information and reported fraudulent information The Consumer Financial Protection Bureau (CFPB) today published an edition of Supervisory Highlights to share key findings from recent examinations about continuing accuracy problems in the credit reporting system. The CFPB found consumer reporting companies failed to ensure the accuracy of credit reports,

CFPB Finds Violations of Credit Report Accuracy Requirements, Including for Survivors of Human Trafficking Read More »

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