The CFPB has sued Experian, claiming the company failed to properly investigate consumer 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 finished last week with notable actions against a captive finance company and a credit bureau with total penalties against the companies approaching $30 million.

The Consumer Financial Protection Bureau, or CFPB, is a government agency that oversees the consumer finance industry, including banks, lenders and other financial institutions.

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.

Without admitting or denying the findings, Equifax has agreed to pay a $15 million civil monetary penalty that will be deposited into the CFPB's victims relief fund. A representative for Equifax didn't immediately respond to a request for comment.

Americans will no longer have to decide what’s more important: Their health or their credit score. Finalized on January 7, a new rule from the Consumer Financial Protection Bureau (CFPB) prohibits cre

The CFPB's ruling will remove an estimated $49 billion in medical bills from the credit reports of about 15 million Americans.

The New York Attorney General announced a settlement with Equifax over inaccuracies in credit scores for New Yorkers. This issue affected about 77,000 residents due to a coding mistake, according to Equifax.

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.

The CFPB is widely seen as a key ally of American consumers, but critics say it costs too much and stifles innovation.

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.