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.
