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CFPB Drops 2022 Enforcement Action Against TransUnion

The CFPB opted to continue its 2022 enforcement action against the fintech lender MoneyLion Continue Reading CFPB Drops 2022 Enforcement Action Against TransUnion

Photo courtesy of Coindesk / Flickr Creative Commons

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The Consumer Financial Protection Bureau (CFPB) has dropped its enforcement action against the consumer credit report provider TransUnion (NYSE: TRU).

According to Reuters, the CFPB initiated its enforcement against TransUnion case in 2022, claiming longtime executive John Danaher violated a 2017 order against deceptive marketing practices related to credit scores and other credit-related products. This is the latest decision by the Trump-era CFPB to drop Biden-era enforcements – last week, the agency dropped enforcement actions against four financial services providers including Capital One (NYSE:COF).

However, the CFPB opted to continue its 2022 enforcement action against the fintech lender MoneyLion, claiming the company charged illegally high interest rates against military servicemembers.

Photo courtesy of Coindesk / Flickr Creative Commons

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1 Comment

  1. My credit report was incorrect and nothing was ever done.

    Reply

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