A top-ranking Democrat is calling on a federal regulator to take action against Equifax for its erroneous credit scores.

Maxine Waters, chairwoman of the House Financial Services Committee, asked the Consumer Financial Protection Bureau to stop Equifax from selling credit scores to lenders until the credit-reporting firm can prove it has the controls in place to ensure its scores are correct. In a letter to the CFPB, viewed by The Wall Street Journal, the congresswoman from California also called for “more robust enforcement action” against the company that goes beyond fines.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Tencent Faces Possible Record Fine for Anti-Money-Laundering Violations

HONG KONG—Chinese technology giant Tencent Holdings Ltd. TCEHY -5.19% is facing a…

Kansas City Chiefs place Britt Reid on leave after crash that seriously injured child

Kansas City linebackers coach Britt Reid is on administrative leave after a…

Iowa’s GOP governor calls a special session to push abortion restrictions

Iowa Gov. Kim Reynolds called Wednesday for a special legislative session that…

Around the World at Home Series Lets Readers Explore Cultures

Times Insider explains who we are and what we do, and delivers…