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Credit bureaus

Hyundai Fined $19 Million for Credit Reporting Failures

Hyundai Fined $19 Million for Credit Reporting Failures

Hyundai is being ordered to pay $19 million for providing inaccurate information to credit reporting agencies and failing to correct errors when consumers complained. “Hyundai illegally tarnished credit reports for millions of borrowers, including by falsely reporting them to credit reporting companies as being delinquent on their loans and leases,

Credit Bureaus Still Failing to Correct Errors in Credit Reports

Credit Bureaus Still Failing to Correct Errors in Credit Reports

Errors in consumer credit reports have plagued American families for years and a new analysis finds that major credit bureaus are still failing to correct their procedures. In 2021, Equifax, Experian, and TransUnion together reported relief in response to less than 2% – that’s two percent – of covered complaints, down

Name-Only Matching Not Enough for Credit Reporting Agencies, CFPB Cautions

Name-Only Matching Not Enough for Credit Reporting Agencies, CFPB Cautions

It’s common practice for some credit reporting agencies, including tenant and employment screeners, to use names only when compiling their reports. This can lead to all kinds of headaches for consumers and can result in damage to their credit ratings, job prospects and housing choices. But a recent advisory

Equifax adds free credit reports

Equifax adds free credit reports

In connection with various settlements that were entered in July of 2019, Equifax previously announced that it would make six free Equifax credit reports available for U.S. consumers during any twelve-month period for seven years without any charge. Equifax will now make these free reports available online via AnnualCreditReport.