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The Consumer Financial Protection Bureau and the Federal Trade Commission fined TransUnion $15 million because the company did not take steps to ensure the rental background checks that landlords ...
TransUnion will pay $15 million and make "significant improvements to how it reports evictions," the CFPB said. Separately, the CFPB is ordering TransUnion to pay $8 million "for lying to ...
Using Truework, banks, lenders and tenant screening providers can verify 90% of U.S. employees. https://www.truework.com. About TransUnion (NYSE: TRU) TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries.
As a result, some companies have started reporting rent payment information to TransUnion. In 2015, TransUnion acquired Trustev, a digital verification company specializing in online fraud for $21 million, minus debts. [19] In 2017, TransUnion acquired FactorTrust, a consumer reporting agency specializing in alternative credit data. [20] [21]
Dodd-Frank transferred regulatory authority over consumer reporting (and therefore tenant screening companies) from the Federal Trade Commission (F.T.C.) to the new Consumer Financial Protection Bureau in 2011. Federal [2] and state [3] fair housing and residential landlord-tenant law impact the tenant screening process several ways. It is, in ...
The use of credit information in connection with applying for various types of insurance or in landlord background checks (for rental applications) has drawn similar amounts of scrutiny and criticism, because obtaining and maintaining employment, housing, transport, and insurance are among the basic functions of meaningful participation in ...
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