Equifax is a consumer reporting agency (CRA) or a credit bureau. They collect information and provide a report on consumer that can be used to decide whether to provide credit, insurance, or employment, and for other purposes. Equifax What they collect Information about your payment history (submitted by credit card companies, mortgage lenders, auto financers [...]
The Consumer Financial Protection Bureau (CFPB), a government agency that has the new task of regulating the credit reporting industry and has asked the credit bureaus [Equifax, TransUnion, Experian, and Innovis] to review documentation sent by consumers in supporting a dispute. Problems with Disputing negative information with the CRA's Currently when a consumer disputes errors [...]
