From CNBC: 2025-01-17 14:55:29

The Consumer Financial Protection Bureau fined Equifax $15 million for errors in consumer credit reports, alleging the company failed to properly investigate disputed information. Equifax processes about 765,000 consumer disputes a month and settled with CFPB to improve its dispute process and consumer support.

Credit reports are crucial and can impact loan qualifications, job opportunities, and apartment rentals. Inaccurate information can have severe financial consequences, affecting various aspects of personal life. Consumers should check their credit reports annually and ensure accuracy to maintain financial stability.

Consumers who detect errors on their credit reports should dispute them in writing with documentation. Sending disputes by mail with a return receipt request increases chances of resolving issues. Filing complaints with the CFPB and state attorney general’s office can also help resolve issues. Consumers can request a statement of their dispute to be included in future credit reports and seek legal advice if needed. 1. President Biden signs $1.9 trillion COVID relief bill into law, providing direct payments to Americans, extending unemployment benefits, and funding vaccine distribution. The bill aims to stimulate the economy and help struggling families during the pandemic.

2. AstraZeneca vaccine deemed safe and effective by WHO, with no increased risk of blood clots. The vaccine has been authorized for emergency use in over 50 countries, offering another tool in the global fight against COVID-19.

3. SpaceX successfully launches and lands Starship prototype, SN10, in Texas. The test flight marks a significant step towards Elon Musk’s goal of making space travel more affordable and accessible, with plans for manned missions to Mars in the future.

Read more: CFPB fines Equifax $15 million for errors on credit reports