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Violation Tracker Individual Record

Company: Experian Information Solutions Inc.
Current Parent Company: Experian
Penalty: $2,000,000
Year: 2015
Date: May 20, 2015
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Equifax Information Services, Experian Information Solutions and TransUnion agreed to pay a total of $6 million to settle multistate allegations relating to their handling of consumer disputes about credit report errors, monitoring and disciplining data furnishers (providers of credit reporting information), accuracy in consumer credit reports, and the marketing of credit monitoring products to consumers who call the credit reporting agencies to dispute information on their credit report. The settlement did not specify how the $6 million cost would be split among the three companies; we assume each paid $2 million.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: Ireland
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: miscellaneous services
Specific Industry of Current Parent: credit rating services
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.