In March 2017, the CFPB announced that “credit bureau Experian will pay a $3-million fine to settle claims that the firm sold credit scores that were of little or no use to consumers.” The CFPB alleged that Experian “offered its own score to consumers and misleadingly implied those scores were ‘the same type of information lenders see when assessing your credit.'” The CFPB “acknowledged that Experian disclosed that its educational scores were not the scores used by lenders, but the bureau argued that the disclosures were not prominent enough.” Experian did not admit wrongdoing in the settlement.

• “Costa Mesa credit bureau Experian will pay a $3-million fine to settle a federal regulator’s claims that the firm sold credit scores that were of little or no use to consumers. The Consumer Financial Protection Bureau announced the fine and settlement Thursday.” [James Rufus Koren, “Credit bureau Experian fined $3 million over misleading credit scores”, Los Angeles Times, 03/23/17]

• “The government agency said Experian, like the other bureaus, offered its own score to consumers and misleadingly implied those scores were ‘the same type of information lenders see when assessing your credit.'” [James Rufus Koren, “Credit bureau Experian fined $3 million over misleading credit scores”, Los Angeles Times, 03/23/17]

• “In its order, the CFPB acknowledged that Experian disclosed that its educational scores were not the scores used by lenders, but the bureau argued that the disclosures were not prominent enough. Experian did not admit or deny wrongdoing in the settlement.” [James Rufus Koren, “Credit bureau Experian fined $3 million over misleading credit scores”, Los Angeles Times, 03/23/17]