U.S. fines TransUnion, Equifax for deceit over credit scores

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Regulators fine TransUnion and Equifax for deceit over credit scores

The CFPB on Tuesday ordered credit reporting agencies TransUnion and Equifax to pay more than $23.2 million in fines and restitution for deceiving consumers about the usefulness and cost of credit scores they bought.The U.S. Consumer Financial Protection Bureau said the payments also resolve charges that TransUnion and Equifax lured consumers into enrolling in credit services advertised as free or costing only $1, but which could cost more than $200 a year.

http://www.consumerfinance.gov/about-us/newsroom/cfpb-orders-transunion-and-equifax-pay-deceiving-consumers-marketing-credit-scores-and-credit-products/
  

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Only if they do something about Paypal and eBay.

I must be dreaming since they are above the law.

Don't worry. The new administration will get rid of the CFPB and all those pesky regulations which protect consumers. Sad. (<140chars!)

samko said:   Don't worry. The new administration will get rid of the CFPB and all those pesky regulations which protect consumers. Sad. (<140chars!)
  Source that or sush.
You talking about the president that wants to make hedge fund managers pay more. So hes hardly typical.
 


owenscott said:   
samko said:   Don't worry. The new administration will get rid of the CFPB and all those pesky regulations which protect consumers. Sad. (<140chars!)
  Source that or sush.
You talking about the president that wants to make hedge fund managers pay more. So hes hardly typical.

"Donald Trump and Republican lawmakers have made no secret of their desire to remove shackles put on banks by the Dodd-Frank Act, and taking an ax to the Consumer Financial Protection Bureau is one of their top priorities."
  
http://www.chicagotribune.com/business/ct-consumer-protection-ag...

BostonOne said:   
owenscott said:   
samko said:   Don't worry. The new administration will get rid of the CFPB and all those pesky regulations which protect consumers. Sad. (<140chars!)
  Source that or sush.
You talking about the president that wants to make hedge fund managers pay more. So hes hardly typical.

"Donald Trump and Republican lawmakers have made no secret of their desire to remove shackles put on banks by the Dodd-Frank Act, and taking an ax to the Consumer Financial Protection Bureau is one of their top priorities."
  
http://www.chicagotribune.com/business/ct-consumer-protection-ag...

   Thanks. It seems he wants to kill the whole act not just the board ... which makes more sense.

.......................

samko said:   Don't worry. The new administration will get rid of the CFPB and all those pesky regulations which protect consumers. Sad. (<140chars!)
  Ain't that the truth brother.

owenscott said:   
BostonOne said:   
owenscott said:   
samko said:   Don't worry. The new administration will get rid of the CFPB and all those pesky regulations which protect consumers. Sad. (<140chars!)
  Source that or sush.
You talking about the president that wants to make hedge fund managers pay more. So hes hardly typical.

"Donald Trump and Republican lawmakers have made no secret of their desire to remove shackles put on banks by the Dodd-Frank Act, and taking an ax to the Consumer Financial Protection Bureau is one of their top priorities."
  
http://www.chicagotribune.com/business/ct-consumer-protection-ag...

   Thanks. It seems he wants to kill the whole act not just the board ... which makes more sense.

Translation: Thanks for Googling something that I could have, but chose not to because it didn't support my side of the argument. Also, instead of giving props to samko (whose statement was correct and which I doubted), I'll somehow make it seem like the whole thing is positive for consumers and is in line with what I am thinking.

liberal tears so tasty.....

owenscott said:   
BostonOne said:   
owenscott said:   
samko said:   Don't worry. The new administration will get rid of the CFPB and all those pesky regulations which protect consumers. Sad. (<140chars!)
  Source that or sush.
You talking about the president that wants to make hedge fund managers pay more. So hes hardly typical.

"Donald Trump and Republican lawmakers have made no secret of their desire to remove shackles put on banks by the Dodd-Frank Act, and taking an ax to the Consumer Financial Protection Bureau is one of their top priorities."
  
http://www.chicagotribune.com/business/ct-consumer-protection-ag...

   Thanks. It seems he wants to kill the whole act not just the board ... which makes more sense.

  Well, considering the fact that Trump himself is one of the biggest scam artists that the CFPB focuses on, it's no surprise. When the sh!t hits the fan, Republicans won't be able to blame Obama.

Jstic said:   When the sh!t hits the fan, Republicans won't be able to blame Obama.LOL.

Where there is a will, there somebody to blame



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