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March 23, 2017

Posted  March 23, 2017

The CFPB took action against Experian and its subsidiaries for deceiving consumers about the use of credit scores it sold to consumers. Experian falsely claimed the credit scores it marketed and provided to consumers were used by lenders to make credit decisions. The CFPB ordered Experian to truthfully represent how its credit scores are used and pay a civil penalty of $3 million. CFPB