Next on the CFPB’s Firing Line? TransUnion

Last week CFPB Director Chopra accused the credit bureaus of being a cartel.  This week, the CFPB is singling out TransUnion.

Earlier today the Consumer Financial Protection Bureau (CFPB) issued a press release accusing TransUnion of duping consumers through its product offerings. Although TransUnion has data for over 200 million consumers, the CFPB claims that complaints from 'nearly 150 thousand' consumers establish that TransUnion and its longtime executive John Danaher have engaged in a pattern and practice of using tricks to get consumers to sign up for recurring charges.