The CFPB ordered credit reporting agencies TransUnion and Equifax to “pay more than $23.2 million in fines” for “deceiving consumers about the usefulness and cost of credit scores they bought.” TransUnion agreed to pay $13.93 million to consumers while Equifax agreed to reimburse $3.8 million to consumers. TransUnion agreed to pay a civil fine of $3 million while Equifax paid a civil fine of $2.5 million. Neither company admitted wrongdoing in the agreement.

• On January 3, 2017, the CFPB “ordered credit reporting agencies TransUnion (TRU.N) and Equifax Inc (EFX.N) to pay more than $23.2 million in fines and restitution for deceiving consumers about the usefulness and cost of credit scores they bought.” [Jonathan Stempel, “U.S. fines TransUnion, Equifax for deceit over credit scores”, Reuters, 01/03/17]

• “TransUnion will reimburse $13.93 million to consumers and pay a $3 million civil fine, while Equifax will reimburse $3.8 million and pay a $2.5 million civil fine, the CFPB said.” [Jonathan Stempel, “U.S. fines TransUnion, Equifax for deceit over credit scores”, Reuters, 01/03/17]

• “Neither Chicago-based TransUnion nor Atlanta-based Equifax admitted or denied wrongdoing.” [Jonathan Stempel, “U.S. fines TransUnion, Equifax for deceit over credit scores”, Reuters, 01/03/17]