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In January 2017, TransUnion was fined $5.5 million and ordered to pay $17.6 million in restitution, along with Equifax, by the Consumer Financial Protection Bureau (CFPB). The federal agency fined the companies "for deceiving consumers about the usefulness and actual cost of credit scores they sold to consumers".
Over the past three months, shares of TransUnion (NYSE:TRU) fell by 8.85%. Before we understand the importance of debt, let us look at how much debt TransUnion has. TransUnion's Debt Based on ...
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It can cost you tens of thousands of dollars, or more. Big Numbers, Big Costs The CFPB looked at 200,000 credit records from each of the three main credit-reporting agencies: Experian, TransUnion ...
TransUnion [14] Last 4 digits only [14] VantageScore 3.0 [10] Mint by Intuit: Monthly summary [15] TransUnion [15] Yes [15] VantageScore 3.0 [16] myBankrate: Monthly full report [17] TransUnion [17] Last 4 digits only VantageScore 3.0 [17] MyCredit Guide by American Express: Weekly full report [18] TransUnion [18] Last 4 digits only ...
Additionally, fraud can be committed on consumers by credit reporting agencies themselves. In 2013, Equifax and TransUnion were fined $23.3 million by the Consumer Financial Protection Bureau (U.S.) for deceiving customers about the cost of their services. [18] Services advertised as $1 were actually billed at $200 per year. [19]
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