A U.S. consumer watchdog on Tuesday sued TransUnion and one of its former executives, accusing the credit reporting agency of tricking consumers into making recurring payments after the company was fined in 2017 for similar activity.
Highlights
- Consumer Financial Protection Bureau sues TransUnion and one of its former executives.
- Suit accuses the credit reporting agency of tricking consumers into making recurring payments after the company was fined in 2017 for similar activity.
- The company in a statement called the CFPB’s claims “meritless” Attorneys for TransUnion say the lawsuit is focused more on “politically expedient headlines than the facts or the law” The lawsuit underscores the bureau’s more aggressive posture under President Joe Biden’s administration.
- The agency says it remains in compliance with the 2017 order, adding that the agency failed to honor its own obligations to respond to a plan for compliance that the company filed shortly thereafter.