New Lawsuit Claims Experian Failed To Properly Address Credit Report Errors

New Lawsuit Claims Experian Failed To Properly Address Credit Report Errors

According to recent reports, the Consumer Financial Protection Bureau (CFPB) has sued Experian, accusing the credit reporting giant of violating the Fair Credit Reporting Act by failing to properly investigate consumer complaints.

“Experian conducted sham investigations rather than properly reviewing disputes as required by federal law,” said CFPB Director Rohit Chopra. He emphasized that credit report errors can severely impact families’ access to credit, employment, and housing.

The lawsuit alleges Experian routinely accepts unreliable responses from original furnishers of disputed information, even when evidence suggests inaccuracies. It also claims Experian reinserts previously deleted false information into credit reports without explanation and provides consumers with confusing or incorrect updates.

Filed in a California federal court, the lawsuit seeks to halt these practices and impose financial penalties. Experian dismissed the claims as “completely without merit,” asserting it thoroughly investigates disputes and complies with the law.

Have you noticed these issues when checking your credit report?