TransUnion Weaves a Tangled Web

Asks courts to allow it to continue deceptive practices

Photo by Rafael Garcin on Unsplash

When TransUnion was charged with repeatedly deceiving consumers into purchasing essentially useless credit monitoring products, the company didn’t apologize and didn’t stop.

Breakin’ the Law: TransUnion Charged with Repeatedly Deceiving Consumers | by Andy Spears | Medium

Instead, TransUnion is now asking the courts to dismiss a case brought by the Consumer Financial Protection Bureau (CFPB) that seeks to hold the credit reporting agency accountable for persistent wrongdoing.

American Banker notes:

But the Chicago-based credit reporting agency is fighting back in court after the CFPB sued the company and a former executive in April for allegedly violating a previous 2017 order.

The lawsuit is being closely watched because TransUnion already paid a $3 million fine and $13.9 million in restitution to consumers to resolve the 2017 order — only to be sued for the same violations five years later.

Here’s the deal, though: They didn’t stop deceiving customers. TransUnion’s argument seems to be that they already paid a fine for deceiving customers, now they can’t be punished again for repeat deception.