TransUnion, facing a CFPB enforcement action, argued that the bureau’s unconstitutional funding structure means it lacks lawful means through which to pursue the action—but a district court disagreed with TransUnion and with the 5th Circuit’s view and allowed the enforcement action to proceed.
01/09/2023 11:35 A.M.
8 minute read
In late 2022, a federal judge in Illinois denied two motions to dismiss a lawsuit that the Consumer Financial Protection Bureau filed against the credit reporting agency (CRA) TransUnion and one of its former executives, John Danaher.
Notably, the judge issuing the opinion rejected the position—recently espoused in a 5th Circuit opinion (PDF)—that the
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