The U.S. Consumer Financial Protection Bureau (CFPB) has fined Equifax, a major credit reporting agency, $15 million for its inadequate handling of consumer disputes regarding credit report errors. This action was taken due to Equifax's failure to conduct proper investigations into these disputes, which the CFPB characterized as a violation of consumer protection laws. The penalty is intended to support a victims relief fund, addressing the impact of Equifax's shortcomings on consumers. This enforcement action marks a significant step in the CFPB's regulatory efforts under Director Rohit Chopra, following a previous enforcement action against another credit bureau, TransUnion.