San Diego, CA -- (SBWIRE) -- 01/10/2023 -- An investigation was announced over potential securities laws violations by TransUnion in connection with certain financial statements.

Investors who purchased shares of TransUnion (NYSE: TRU), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by TransUnion regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Chicago, IL based TransUnion provides risk and information solutions. The company operates in three segments: U.S. Markets, International, and Consumer Interactive.

In 2017, the Consumer Financial Protection Bureau ("CFPB") imposed a law enforcement order on TransUnion to stop the Company from engaging in deceptive marketing regarding its credit scores and address other issues involving credit-related products (the "Consent Order"). Terms of the Consent Order required TransUnion and its subsidiaries to pay $13.9 million in restitution and $3 million in civil penalties. The Consent Order also provided that TransUnion had to submit a comprehensive compliance plan designed to ensure that the Company's advertising practices complied with all applicable federal laws and the terms of the Consent Order.

TransUnion reported that its annual Total Revenue rose from over $2.71 billion in 2020 to over $2.96 billion in 2021, and that its Net Income increased from $343 million in 2020 to over $1.38 billion in 2021.

On April 12, 2022, the CFPB announced that it was filing a lawsuit against TransUnion, TransUnion Interactive, Inc., TransUnion, LLC, and former key executive John Danaher for violating the Consent Order. CFPB stated in a press release that "TransUnion is an out-of-control repeat offender that believes it is above the law. …TransUnion's leadership is either unwilling or incapable of operating its businesses lawfully." Moreover, the Chairman of the House Select Subcommittee on the Coronavirus Crisis is concerned that TransUnion violated the Fair Credit Reporting Act for failing to respond to consumer complaints during the pandemic. Thus, TransUnion could face another investigation resulting from its disregard of its obligations to consumers.

Shares of TransUnion (NYSE: TRU) declined from $105 per share on March 30, 2022 to as low as $79.02 per share on May 19, 2022.

Those who purchased shares of TransUnion (NYSE: TRU) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.