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CFPB fines credit reporting data furnisher
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Consumer Protection
Monday, August 25, 2014
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The Consumer Financial Protection Bureau has taken action against a Texas-based auto finance company it said failed to fix known flaws in a computer system that provided inaccurate information to credit reporting agencies. Richard Cordray, the bureau’s director, warned that “companies cannot pass the buck by blaming a computer system or vendor for their mistakes.”
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