Consumer complaint received 2024-04-17 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Improper use of your report — Credit inquiries on your report that you don't recognize
Company: TRANSUNION INTERMEDIATE HOLDINGS, INC.
State: NJ

Complaint narrative:
Consumer contacted Transunion on XX/XX/XXXX. Consumer informed them of potential violation of consumer laws & securities law under the rules of FINRA being that transunion is a publicly traded company. Transunion only rectified ( 7 ) inaccurate reportings found on consumers ' reports. The ratification of those inaccurate reporting is transunion 's admission to violating FCRA which has a penalty of {$1000.00} per violation. However, Transunion is obligated to report accurate information that is reflected on all credit reporting agencies. Consumer received a report from XXXX XXXX that shows consumer only has ( XXXX ) hard inquiries. Consumer informed transunion on two separate occasions that inquiries were inaccurately reported and not authorized. Transunion defaulted on its obligations on both occasions, which caused serious financial distress for consumers due to the fact that consumers were unable to receive funding to provide basic necessities for consumers ' families due to inaccurate reports on consumers transunion 's report. Consumer requested documentation from transunion under the Freedom of information act. To the consumer 's dissatisfaction transunion defaulted in its obligation to provide consumer with the requested information under the Freedom of information act. It is noted that transunion is securitizing consumers data which provides transunion liquidity to offer shares to the public under NYSE symbol ( TRU ). In addition to the preceded statement, Transunion is participating in a ponzi scheme by using subordinate notes registered for investors to repay senior notes held for prior investors. Pursuant to Section 32 of the securities exchange act 1934 which states : ( a ) Any person who willfully violates any provision of this title ( other than section 30A ), or any rule or regulation thereunder the violation of which is made unlawful or the observance of which is required under the terms of this title, or any person who willfully and knowingly makes, or causes to be made, any statement in any application, report, or document required to be filed under this title or any rule or regulation thereunder or undertaking contained in a registration statement as provided in subsection ( d ) of section 15 of this title, or by any self-regulatory organization in connection with an application for membership or participation therein or to become associated with a member thereof, which statement was false or misleading with respect to any material fact, shall upon conviction be fined not more than {>= $1,000,000}, or imprisoned not more than 20 years, or both, except that when such person is a person other than a natural person, a fine not exceeding {>= $1,000,000} may be imposed. It is noted that on page i in form 424B3 ( Prospectus ) filed on XX/XX/XXXX with the commission TRANSUNION made the following statement : There is no established trading market for the notes offered hereby. We do not intend to list the notes on any securities exchange or seek approval for quotation through any automated trading system. In addition to the preceded statement on page 15 of the same prospectus Transunion made the following statements : Because there is no established trading market for the notes, you may not be able to resell your notes. The notes have been registered under the Securities Act, but there is no established trading market for the notes. However, on page 20 in form 8-K 1.1 filed with the commission on XX/XX/XXXX TRANSUNION along with its underwriters made and agreed to the following statements in SECTION 5 The Company agrees with each of the Underwriters state : ( vi ) To use its best efforts to maintain the listing of the Shares on the Exchange. Due to the FACT that the above citations are both false and misleading, I have reason to suspect that TRANSUNION has committed the following violations : Securities Fraud under FINRA rules False and misleading statements in documents filed with the commission Use of deceptive tactics in buying or selling securities registered on a national exchange or those not registered, including securities-based swap agreements Engagement in deceptive or manipulative practices related to security-based swaps Ponzi Scheme Under XXXX statues Identity theft under FTC rules Pursuant to Freedom of Information Act. In good faith, I hereby request that TRANSUNION provide me with the following documents & information : The most recent public & private accounting according to ( XXXX  ). 
Form SSA-89 associated with my name.

IRS 1099 barter form for any and all securities associated with my name.

A copy of UCC-1 filing on my name that perfected the security interest in the financial assets.

A copy of my Consumer file not a CONSUMER REPORT that is associated with my name.

TRANSUNIONS Fidelity bond if applicable TRANSUNIONS Surety bond if applicable The name of the person spoken to, documentation used to determine that the information on the consumer report was indeed authorized by the consumer, & signed application with consumer wet ink signature.

Failure to provide me with the above mentioned documentation & information will result in me initiating a lawsuit under the FINRA rules due to the fact that Transunion is a publicly traded company that deals with securities. In addition to the preceding statement I will be filing 211 treasury omb forms to audit consumers accounts. Moreover, an FTC fraud report will be filed on behalf of the consumer. Lastly, I will be filing a complaint with the SEC as a whistleblower & request an order to cease and desist Transunion operations.

15 U.S. Code 1681- Congressional findings and statement of purpose : a ) Accuracy and fairness of credit reporting The Congress makes the following findings : ( 4 ) There is a need to ensure that consumer reporting agencies exercise their grave responsibilities with fairness, impartiality, and a respect for the consumers right to privacy.

( b ) Reasonable procedures : It is the purpose of this subchapter to require that consumer reporting agencies adopt reasonable procedures for meeting the needs of commerce for consumer credit, personnel, insurance, and other information in a manner which is fair and equitable to the consumer, with regard to the confidentiality, accuracy, relevancy, and proper utilization of such information in accordance with the requirements of this subchapter.

15 U.S. Code 1681c - Requirements relating to information contained in consumer reports : Except as authorized under subsection ( b ), no consumer reporting agency may make any consumer report containing any of the following items of information : Any other adverse item of information, other than records of convictions of crimes which antedates the report by more than seven years.

15 U.S. Code 1681b - Permissible purposes of consumer reports : Subject to subsection ( c ), any consumer reporting agency may furnish a consumer report under the following circumstances and no other ( 2 ) In accordance with the written instructions of the consumer to whom it relates.

P.L 90-321 ( 82 Stat. 146 ) 15 U.S. Code 1681e - Compliance procedures ( a ) Identity and purposes of credit users Every consumer reporting agency shall maintain reasonable procedures designed to avoid violations of section 1681c of this title and to limit the furnishing of consumer reports to the purposes listed under section 1681b of this title. These procedures shall require that prospective users of the information identify themselves, certify the purposes for which the information is sought, and certify that the information will be used for no other purpose. Every consumer reporting agency shall make a reasonable effort to verify the identity of a new prospective user and the uses certified by such prospective user prior to furnishing such user a consumer report. No consumer reporting agency may furnish a consumer report to any person if it has reasonable grounds for believing that the consumer report will not be used for a purpose listed in section 1681b of this title.

( b ) Accuracy of report Whenever a consumer reporting agency prepares a consumer report it shall follow reasonable procedures to assure maximum possible accuracy of the information concerning the individual about whom the report relates.

By violating section 1681b for permissible purpose and 1681c for information contained in consumer reports they are also violating compliance procedures under this title.

15 U.S. Code 1681n - Civil liability for willful noncompliance ( a ) In general Any person who willfully fails to comply with any requirement imposed under this subchapter with respect to any consumer is liable to that consumer in an amount equal to the sum of ( A ) any actual damages sustained by the consumer as a result of the failure or damages of not less than {$100.00} and not more than {$1000.00} ; or ( B ) in the case of liability of a natural person for obtaining a consumer report under false pretenses or knowingly without a permissible purpose, actual damages sustained by the consumer as a result of the failure or {$1000.00}, whichever is greater ; 15 U.S. Code 1681s2 - Responsibilities of furnishers of information to consumer reporting agencies ( 1 ) Prohibition ( A ) Reporting information with actual knowledge of errors A person shall not furnish any information relating to a consumer to any consumer reporting agency if the person knows or has reasonable cause to believe that the information is inaccurate.

( B ) Reporting information after notice and confirmation of errors A person shall not furnish information relating to a consumer to any consumer reporting agency if ( i ) the person has been notified by the consumer, at the address specified by the person for such notices, that specific information is inaccurate; and ( ii ) the information is, in fact, inaccurate.

Consumer filed two preceding complaints with the CFPB under the following complaint numbers : ( XXXX ) & ( XXXX ) as well as called transunion to rectify these matters. Transunion informed the consumer that all inaccurate information was under dispute and that all inquires should be removed within 72 hours and all inaccurate payment history should be updated within 21 business days. Neither of those assurances made by transunion were reflected in consumers most recent report.

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 non-monetary relief