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CFPB Fines TransUnion, Equifax for Deceiving Consumers

CFPB Fines TransUnion, Equifax for Deceiving Consumers

In an enforcement action totaling more than $23 million in fines and restitution, the Consumer Financial Protection Bureau found that TransUnion and Equifax — two of the largest consumer credit reporting agencies — had misled consumers on the value of the data they marketed.

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