Experian Fined Over Alleged Deception in Credit-Score Marketing - News Summed Up

Experian Fined Over Alleged Deception in Credit-Score Marketing


WASHINGTON—The Consumer Financial Protection Bureau on Thursday fined Experian PLC $3 million, alleging that the leading credit-reporting firm misrepresented the credit scores it marketed to consumers. In the latest example of its intensifying policing of the credit-reporting industry, the federal regulator said Experian claimed the credit scores it sold to consumers were the same ones lenders used to make credit decisions.


Source: Wall Street Journal March 23, 2017 19:30 UTC



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