Breaking News
2019-02-17
TransUnion
TransUnion
TransUnion is an American consumer credit reporting agency. TransUnion collects and aggregates information on over one billion individual consumers in over thirty countries including "200 million files profiling nearly every credit-active consumer in the United States".[3] Its customers include over 65,000 businesses.[4] Based in Chicago, Illinois, TransUnion's 2014 revenue was US$1.3 billion.[5]It is the smallest of the three largest credit agencies, along with Experian and Equifax (known as the "Big Three").
TransUnion also markets credit reports and other credit and fraud-protection products directly to consumers. Like all credit reporting agencies, the company is required by U.S. law to provide consumers with one free credit report every year
TransUnion was originally formed in 1968 as a holding company for the railroad leasing organization, Union Tank Car Company. The following year, it acquired the Credit Bureau of Cook County, which possessed and maintained 3.6 million card files.[8] In 1981, a Chicago-based holding company The Marmon Group acquired TransUnion for approximately $688 million.[9][10] Almost thirty years later, in 2010, Goldman Sachs Capital Partners and Advent International acquired it from Madison Dearborn Partners[11] In 2014, TransUnion acquired Hank Asher's data company TLO.[12] On June 25, 2015, TransUnion became a publicly traded company for the first time, trading under the symbol TRU.
In June 2017, a California jury ruled against Transunion with a $60 million verdict in the largest FCRA verdict in history.[23] The San Francisco federal court jury awarded $60 million in damages to consumers who were falsely reported on a government list of terrorists and other security threats. The plaintiffs' team of attorneys at Francis & Mailman, P.C. partnered with another California-based firm in the class action.
MKRdezign
Powered by Blogger.