Australia’s largest consumer credit reporting agency, Equifax, has joined the finance sector’s disgrace list

Australia’s largest consumer credit reporting agency, Equifax, has joined the finance sector’s disgrace list after being hit with a $3.5 million fine for misleading, deceptive and unconscionable conduct following legal action by the Australian Competition and Consumer Commission (ACCC).

This includes asking consumers to pay for their own credit histories, which they have the legal right to obtain for free.

Equifax admitted to breaching Australian Consumer Law when its representatives made false or misleading representations to consumers during phone calls.

via Australia’s largest consumer credit reporting agency, Equifax, has joined the finance sector’s disgrace list