House Committee Chair Maxine Waters calls on CFPB to take action against Equifax

A senior Democrat calls on a federal regulator to take action against Equifax for his faulty credit ratings.

Maxine Waters, chair of the House Financial Services Committee, called on the Consumer Financial Protection Bureau to stop Equifax from selling credit scores to lenders until the credit reporting firm can prove that it has the necessary controls to ensure that its ratings are correct. In a letter to the CFPB, seen by The Wall Street Journal, the MP also called for “more robust enforcement action” against the company that goes beyond fines.


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