TransUnion

Federal Appeals Court Denies Startup’s Bid to Reclaim $18.3 Million Jury Award from TransUnion

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In a significant legal showdown, a U.S. appeals court has recently upheld its earlier stance, electing not to revisit a decision that nixed an $18.3 million jury award. This award had originally been granted to a burgeoning tech startup in its claim against credit reporting giant TransUnion LLC. The case stemmed from allegations made by the startup which accused TransUnion of engaging in practices that they claimed unfairly inhibited their ability to compete in the marketplace. Central to the dispute was the handling and use of consumer credit data by TransUnion, a subject of increasing … Read more

$18 Million TransUnion Ruling Overturned Due to ‘Significant Flaws,’ 6th Circuit Court Finds

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Cincinnati, Ohio – In a recent court decision, the U.S. Court of Appeals for the Sixth Circuit criticized a lawsuit against credit reporting giant TransUnion, denouncing the legal action as extensively flawed. The court’s dismissal was based on perceived inadequacies in the $18 million class action suit that sought damages for alleged inaccuracies in consumer credit reports. TransUnion was accused of violating the Fair Credit Reporting Act, the claim centering on the company’s management and reporting of misleading or mistaken data linked to auto loans. Plaintiffs argued that such misinformation adversely impacted consumers’ credit scores … Read more