On April 12, 2022, the Consumer Financial Protection Bureau (“CFPB”) announced that it was filing a lawsuit against TransUnion, its subsidiaries, and its former key executive for violating a Consent Order issued in 2017 to stop the Company from engaging in deceptive marketing regarding its credit scores. CFPB stated that TransUnion was an “out-of-control repeat offender that believes it is above the law,” and that the Company was cheating customers through digital design features “used to deceive, steer, or manipulate users into behavior that is profitable for an entity offering a product or service online, but [is] often harmful to users.”
Our investigation concerns whether the Company’s board of directors breached its fiduciary duties to shareholders and/or grossly mismanaged the Company in connection with the above alleged misconduct.
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If you suffered a loss on your TransUnion investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.