Consumer watchdog says credit reporting giant continued misleading consumers even after getting fined.
Highlights
- Consumer Financial Protection Bureau sues TransUnion and one of the credit reporting giant’s longtime executives.
- The CFPB says it received nearly 150,000 complaints about TransUnion in 2021 alone.
- TransUnion agreed to pay $13.9 million in restitution to victims and $3 million in civil penalties to settle charges in 2017.
- The agency says TransUnion tricked people into recurring payments after previously being fined for the activity.
- The company says the allegations “in no way reflect the consumer-first approach we take to managing of our businesses” TransUnion dismissed the claims as “meritless,” saying the allegations are “inno way reflect” the consumer first approach.