FTC, CFPB reach $23M settlement over FCRA violations

The U.S. Federal Trade Commission and Consumer Financial Protection Bureau announced a USD23 million settlement with credit reporting agency Trans Union over alleged violations of the Fair Credit Reporting Act related to improper records and report filings. The settled claims concern inaccurate or incomplete eviction records from consumer reports that led to housing denials. In addition to a joint USD15 million settlement, CFPB ordered an additional USD8 million penalty for improper holds on credit reports.