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Consumer credit reporting agencies Transunion and Equifax will settle with the CFPB for a total of $23.1 million for allegedly deceiving consumers about the value of their credit scores.

The CFPB also alleges that Transunion and Equifax deceived consumers into enrolling in subscription programs with false advertising about the cost of the programs.

TransUnion is being ordered to pay more than $17.6 million in restitution to affected consumers and a civil penalty of $3 million to the CFPB. Equifax is being ordered to pay almost $3.8 million in restitution to affected consumers and a civil penalty of $2.5 million to the CFPB. The agencies are also being ordered to truthfully represent their credit scores, obtain consumers' informed consent for program enrollment and allow consumers to cancel products and services easily.

The CFPB says its enforcement actions were taken under the Dodd-Frank Act's prohibition of unfair, deceptive or abusive acts or practices (UDAAP).