Credit-Report Giants Under Fire: What the Latest FCRA Lawsuit Means for You
In a high-stakes move that affects millions of consumers, the Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Experian Information Solutions, Inc., one of the three major credit reporting agencies, for alleged violations of the Fair Credit Reporting Act (FCRA). Consumer Financial Protection Bureau+2Regulatory Report+2 The lawsuit, filed January 7, 2025, alleges that […]
Equifax Fined $15 Million for Credit Reporting Errors
Major Settlement: Equifax Pays $15 Million for Failing to Correct Credit-Report Errors What That Means for You In early 2025, Equifax agreed to pay a $15 million settlement to the Consumer Financial Protection Bureau (CFPB) after allegations that the credit-reporting giant failed to properly investigate consumer disputes and even allowed previously corrected errors to reappear […]
What to Do If Your Credit Report Error Keeps Coming Back
If you’ve disputed a credit report error — and it disappears for a while only to reappear months later — you’re not alone. This is one of the most frustrating problems consumers face, and it may also signal a violation of your rights under the Fair Credit Reporting Act (FCRA).At Story Law Group in Jacksonville, […]
Experian Sued for “Sham Investigations” into Credit Report Errors
On January 7, 2025 the CFPB filed suit against Experian alleging that it failed to properly investigate consumer disputes, regularly accepted furnisher responses without meaningful review, and reinstituted errors.Consumer Financial Protection Bureau+1 Key allegations: Why this matters to you: What the News Means for You (and Your Credit) Your disputes must be taken seriously. These […]