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Fortune
Fortune
Dia Adams

Equifax slapped with $15 Million fine: Is your credit report at risk?

Equifax CFPB Matt Schulz Experian Transunion
Accountant managing invoices and bills at home office desk. (Credit: Getty Images)

Extending a burst of activity before the new Trump administration takes office, the Consumer Financial Protection Bureau (CFPB) has taken aim at bad behavior at another credit reporting agency. Today it has taken action against Equifax, citing the firm for violations of the Fair Credit Reporting Act (FCRA), levying a $15 million dollar fine against the credit bureau. 

The CFPB cited a wide variety of violations ranging from failure to investigate and correct credit report errors, failure to inform customers of investigation results, and selling inaccurate credit report scores. This action follows the agency’s lawsuit against Experian announced earlier this week for similar issues. 

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