SAN DIEGO, Jan. 05, 2023 (GLOBE NEWSWIRE) — Shareholder Rights Law Firm Robbins LLP investigates TransUnion TRUE to determine whether certain officers and directors of TransUnion have violated securities laws and fiduciary duties to shareholders. TransUnion is a well-known credit bureau that bills itself as “a leading global information and insights company that enables trust between business and consumers and works to empower people around the world to access opportunities that can lead to a better quality of life. “

If you would like more information on our investigation into TransUnion’s wrongdoing, click here here.

TransUnion (TRU) has violated the Consent Order imposed by the Consumer Financial Protection Bureau

In 2017, the Consumer Financial Protection Bureau (“CFPB”) issued a law enforcement order against TransUnion to prevent the Company from engaging in fraudulent marketing related to its creditworthiness and addressing other issues related to credit-related products (the “Consent Order”) . Under the terms of the consent order, TransUnion and its affiliates were required to pay $13.9 million in damages and $3 million in civil penalties. The consent order also required TransUnion to provide a comprehensive compliance plan designed to ensure that the company’s advertising practices were in compliance with all applicable federal laws and the terms of the consent order.

Despite the existence of the Consent Order, on April 12, 2022, the CFPB announced that it would be filing a lawsuit against TransUnion, TransUnion Interactive, Inc., TransUnion, LLC and former officer John Danaher for violating the Consent Order. CFPB stated in a press release that “TransUnion is a runaway repeat offender who believes they are above the law. … TransUnion’s leadership is either unwilling or unable to lawfully conduct its business.” In addition, the chair of the House Select Subcommittee on the Coronavirus Crisis is concerned that TransUnion is violating Fair Credit…