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TransUnion Investor Accuses Board of Ongoing Legal Violations

Dec. 6, 2022, 6:26 PM

TransUnion’s senior leaders are facing investor litigation in Delaware over claims that they’ve harmed the credit reporting agency and its stockholders by violating consumer protection laws for years, including after they publicly pledged reforms.

The shareholder derivative lawsuit targets current and ex-members of TransUnion’s board and management. It accuses them of steering the company into legal trouble by breaching the terms of a 2017 consent order with the Consumer Financial Protection Bureau over its past violations.

The allegations stem from an enforcement suit the CFPB brought in April against TransUnion, which the government agency described at the time as “an ...