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CFPB fines TransUnion and Equifax for deceiving consumers with their marketing

It is always good news when a government agency goes after the big banks and other large corporations instead of small business owners.

Justice League

The Consumer Financial Protection Bureau revealed in a press release on Tuesday that it is not only fining TransUnion but Equifax as well for deceiving consumers in marketing credit scores and credit products.

Chicago-based TransUnion and Atlanta-based Equifax are two of the nation’s three largest credit reporting agencies. The other top credit reporting agency is Experian.

Read on.

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