TransUnion Investor Accuses Board of Ongoing Legal Violations

That of TransUnion senior leaders face investor litigation in Delaware over allegations they harmed the credit reporting agency and its shareholders by violating consumer protection laws for years, including after publicly promising reforms.

The shareholder derivative lawsuit targets current and former members of TransUnion’s board and management. It accuses them of leading the company into legal trouble by violating the terms of a 2017 consent order with the Consumer Financial Protection Bureau over its past violations.

The allegations stem from an enforcement lawsuit the CFPB filed in April against TransUnion, which the government agency described at the time as “a…