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Experian agrees to pay $24M for letting loans hurt customers' credit

Experian has agreed to settle with 56,000 Americans who had their credit reports tainted by data from a beleaguered online payday lender.

The lawsuit claimed Experian continued reporting delinquent debts on predatory loans from the company, which has been widely and publicly discredited for its practices across the country. In its settlement filing, Experian pointed out that a judge hadn’t found evidence that Experian “willfully” failed to comply with the Fair Credit Reporting Act.

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