Consumer complaint received 2024-11-06 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Account information incorrect
Company: TRANSUNION INTERMEDIATE HOLDINGS, INC.
State: VA

Complaint narrative:
XXXX XXXX XXXX XXXX XXXX XXXX XXXX, VA XXXX XXXX XXXX XX/XX/XXXX TransUnion LLC and XXXX XXXX XXXX XXXX Subject : Notice of Intent to Sue for Removal of Account and {$1000.00} per Violation Due to FCRA, CFPB, IRS, XXXX XXXX, and U.S. Congressional Compliance Violations with Supporting Case Law To Whom It May Concern, This letter serves as formal notice of my intent to pursue legal action against TransUnion and XXXX for the continued inaccurate and misleading reporting of my XXXX account XXXX Account # : XXXX ) on my credit report. Despite previous dispute attempts, the account information remains inconsistent, violating the Fair Credit Reporting Act ( FCRA ), Consumer Financial Protection Bureau ( CFPB ) regulations, IRS guidelines, XXXX XXXX compliance standards, and U.S. Congressional credit reporting laws. I am seeking immediate removal of these inaccuracies and compensation of {$1000.00} per violation.

Account Overview and Dispute Summary The XXXX account , a revolving charge account opened on XX/XX/XXXX, is inconsistently reported across TransUnion and XXXX. TransUnion lists the account status as Transferred with a {$0.00} balance, while XXXX shows the account as Open. Additional discrepancies include conflicting high credit limits, different last reported dates, and remarks such as Purchased by another lender and Consumer disputes - reinvestigation in progress, which do not align across both bureaus.

1. Violations of the Fair Credit Reporting Act ( FCRA ) Under the FCRA, credit reporting agencies are required to provide accurate information and correct or remove any disputed information that can not be verified. The continued discrepancies on the SYNCB/WALMART account violate : 15 U.S.C. 1681s-2 This section requires data furnishers and credit bureaus to ensure accuracy. The conflicting status ( Transferred versus Open ), high credit limits, and activity dates are clear violations of this provision.

15 U.S.C. 1681i Mandates that credit reporting agencies conduct a reasonable investigation into disputed information and correct or delete inaccuracies. TransUnion and XXXX failure to verify and reconcile these inconsistencies despite multiple disputes constitutes non-compliance.

The recent Supreme Court ruling in TransUnion LLC v. Ramirez, 141 S. Ct. 2190 ( 2021 ) underscores that credit reporting agencies may be held liable for inaccuracies that cause harm to consumers. This ruling reinforces the obligation to report accurate data and confirms the agencies liability for any incorrect data that negatively impacts consumers.

Additionally, Dalton v. Capital Associated Industries , Inc., 257 F.3d 409 ( 4th Cir. 2001 ) ruled that a failure to conduct a reasonable investigation into disputed information can lead to liability under the FCRA. The repeated failure to resolve the discrepancies on this account demonstrates TransUnion and XXXX lack of adherence to FCRA standards.

2. Violations of Consumer Financial Protection Bureau ( CFPB ) Regulations CFPB regulations prohibit unfair, deceptive, or abusive acts and practices ( UDAAP ) in consumer reporting. By continuing to report inconsistent and inaccurate information on the SYNCB/WALMART account XXXX TransUnion and XXXX engage in deceptive practices, violating CFPB regulations and harming my financial reputation.

3. Violations of IRS Reporting Guidelines IRS guidelines require accurate reporting, especially for accounts reported as transferred or purchased by another lender. Misrepresenting this accounts status and payment history could lead to inaccurate financial obligations and tax implications, violating IRS standards for precise financial data reporting. 

XXXX. Violations of XXXX XXXX Compliance Standards Using Data Codes The reporting of the XXXX account XXXX not comply with XXXX XXXX XXXX, which provide strict guidelines for consistent and accurate reporting. Specific issues include : Account Status Code ( Field 17A ) This account should reflect a consistent Account Status Code across all bureaus. If transferred, Field 17A should indicate 05 ( Transferred ) or another accurate status across all bureaus, rather than a conflicting Open status.

Compliance Condition Code ( Field 17B ) Since the dispute remains unresolved, the XXXX ( Account information disputed by consumer ) code should be applied consistently across all reporting bureaus, indicating the account is under dispute.

High Credit Limit ( Field 12 ) The high credit limit is reported inconsistently as {$390.00} on TransUnion and {$390.00} on XXXX, violating the requirement for consistent reporting across bureaus.

5. Violations of U.S. Congressional Credit Reporting Laws Congress enacted the Fair Credit Reporting Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act to protect consumers from harmful credit reporting practices. TransUnion and XXXX non-compliance with these standards and failure to provide accurate information violate the protections Congress established to ensure data integrity and fairness.

Remedy Sought To resolve these violations without litigation, I request that TransUnion and XXXX : Remove all inaccurate and conflicting notations related to the XXXX account and ensure a consistent report across both bureaus. 
Provide written confirmation of these corrections to ensure uniformity in my credit profile. 
Compensate me {$1000.00} per violation for each instance of non-compliance, as provided under FCRA and other applicable federal laws. 
Should these actions not be completed within 30 days of receiving this letter, I am prepared to pursue statutory, actual, and punitive damages through legal channels, as permitted by the FCRA, CFPB regulations, IRS guidelines, XXXX XXXX compliance standards, and U.S. Congressional laws governing credit reporting.

Conclusion This letter serves as TransUnion and XXXX final opportunity to correct these reporting violations. Failure to act within the specified timeframe will result in legal action seeking full damages and corrective measures. 

Thank you for your prompt attention to this matter. 

Sincerely, XXXX XXXX XXXX

Company public response: Company has responded to the consumer and the CFPB and chooses not to provide a public response
Company response to consumer: Closed with explanation