Equifax sells lists of late mortgage payers

In October 2012, Equifax agreed to a settlement with the US Federal Trade Commission over charges that between January 2008 and early 2010 the company improperly sold lists of consumers who were late on their mortgage payments in violation of the FTC Act and the Fair Credit Reporting Act. Equifax and the companies that allegedly bought and resold the information - Direct Lending Source and affiliates - agreed to forfeit the nearly $1.6 million they made from these activities. The settlement also prohibited Equifax and Direct Lending from engaging in similar activities in the future.

https://www.ftc.gov/news-events/press-releases/2012/10/ftc-settlements-require-equifax-forfeit-money-made-allegedly

tags: Equifax, FTC, regulatory actions0

writer: FTC

Publication: FTC