WASHINGTON (Reuters) – The Consumer Financial Protection Bureau said on Thursday it fined Experian and its particular subsidiaries $3 million for falsely telling customers its credit ratings had been by lenders to create decisions.

"To use advertising, Experian falsely represented that this credit ratings it marketed and offered to consumers were precisely the same scores lenders use to help make credit decisions. The fact is, lenders could not make use of the scores Experian sold to consumers," the CFPB said inside a statement.