The Federal Trade Commission has approved an order settling charges that Equifax Information Services LLC violated the Fair Credit Reporting Act and a section of the Federal Trade Commission Act by improperly selling lists of millions of consumers who were late on their mortgages.

Equifax agreed to pay its full $392,803 in gross revenues obtained from the sales.

The order prohibits Equifax from: 1) furnishing prescreened lists to anyone that it does not have reason to believe has a permissible purpose to receive them; 2) failing to maintain reasonable procedures designed to limit the furnishing of prescreened lists to anyone except those who have a permissible purpose to receive them; and 3) selling prescreened lists in connection with offers for debt-relief products or services and mortgage assistance relief products and services, when advance fees are charged, with limited exceptions.

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