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Credit bureau Experian fined $3 million over misleading credit scores

Credit bureau Experian fined $3 million over misleading credit scores

Costa Mesa credit bureau Experian will pay a $3-million fine to settle a federal regulator’s claims that the firm sold credit scores that were of little or no use to consumers.

The Consumer Financial Protection Bureau announced the fine and settlement Thursday. The CFPB’s allegations against Experian are similar to those made against the nation’s two other major credit bureaus, Transunion and Equifax, which reached a larger settlement in January.

In all three cases, the CFPB said the credit bureaus offered consumers until at least 2014 “educational credit scores,” which...

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