Today, the Consumer Financial Protection Bureau (CFPB) ordered Equifax, one of the “Big Three ” nationwide consumer credit reporting agencies, to pay a $15 million penalty for conducting faulty and inadequate investigations when consumers disputed errors on their credit reports, in violation of the Fair Credit Reporting Act.
Appearing in CNBC on January 17, 2025, Greg Iacurci interviews Chi Chi Wu, senior attorney at NCLC after the Consumer Financial Protection Bureau fined Equifax $15 million over credit reporting errors and alleged the credit bureau failed to properly investigate consumer disputes. “Credit bureaus have been sued repeatedly for this kind of conduct. They’re decades-old…
Read More about CNBC: CFPB fines Equifax $15 million over errors on credit reports
Experian Accused of Improperly Investigating Disputes, Threatening Consumers’ Access to Credit
Read More about CFPB Sues Experian Over Failure to Remove Errors on Credit Reports
In an op-ed appearing in The Hill on November 6, 2024, NCLC senior attorney Chi Chi Wu calls the Reporting Medical Debt Payments as Positive Consumer Credit Information Act of 2024 a “Trojan horse”, with hidden traps and backward steps for consumers. One of the biggest problems with the bill is that it simply doesn’t…
Read More about The Hill: ‘Positive’ medical debt credit reporting is a Trojan horse
Rule Serves as Model for Consumer Data Privacy WASHINGTON – Today, the Consumer Financial Protection Bureau (CFPB) issued a comprehensive and protective final Personal Financial Data Rights Rule. Advocates at the National Consumer Law Center (NCLC) strongly support the rule, which implements Section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act and…
Report discusses state and local laws addressing rental housing junk fees and provides recommendations to protect renters.
