regulatory
confidence high
sentiment negative
materiality 0.65
TransUnion settles CFPB/FTC matters for $23M in penalties and redress
TransUnion
- TURSS settlement: $11M redress + $4M civil penalty for alleged FCRA violations in rental screening.
- Security freeze settlement: $3M redress + $5M civil penalty for failure to timely place/lift freezes.
- TURSS Consent Order requires changes to eviction record reporting and adverse action templates.
- Security Freeze Consent Order requires comprehensive compliance plan to be submitted to CFPB.
- Company maintains its practices were lawful but settled to resolve the issues.