Experian Holdings, Inc., Experian Information Solutions, Inc., and ConsumerInfo.com, Inc., d/b/a Experian Consumer Services
Enforcement, Consumer Finance
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.
Inactive or Resolved