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CFPB slaps another credit reporting agency with fine

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Mortgage Professional America | 04 Jan 2017, 08:15 AM Agree 0
Days after it was announced that TransUnion would have to pay almost $17 million in fines for deceptive advertising, the CFPB has announced that another credit reporting agency is also being penalized
  • MG | | 05 Jan 2017, 05:52 PM Agree 0
    Now if the CFPB would fine the credit reporting agencies for selling "trigger" leads.... that would be awesome. As a lender it really stinks when a customer applies for a mortgage and I pull credit. Equifax takes that credit inquiry and sells it to other lenders so they can solicit my client. Equifax makes money on my inquiry, screws me as a customer by selling a trigger lead and sends a competitor (or call centers) data about my customer.
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