TransUnion to Be Purchased by Two Private Equity Firms

[hegemony]

http://query.nytimes.com/gst/fullpage.html?res=9507E5D6103FF93BA25751C0A9649D8B63&ref=credit

[DPDIY]

The credit reporting industry is facing broad federal oversight for the first time. The Consumer Financial Protection Bureau, the nation's federal consumer watchdog, introduced a plan on Thursday to keep a closer eye on credit reporting companies and debt collectors, two industries that have largely flown under the government's radar. The proposal would ensnare the industry's 30 largest companies, including TransUnion and its two biggest competitors, Experian and Equifax. Credit agencies, which produce on-demand reports with a consumer's credit score and a detailed snapshot of a person's borrowing history, are essential for obtaining a car, a home mortgage or even a cellphone. But the companies have also drawn criticism for producing the occasional error-riddled report and for deferring to creditors at the expense of consumers.

 

Well I like that part...

 

 

[JunkBuyersWorstNightmare]

The credit reporting industry is facing broad federal oversight for the first time. The Consumer Financial Protection Bureau, the nation's federal consumer watchdog, introduced a plan on Thursday to keep a closer eye on credit reporting companies and debt collectors, two industries that have largely flown under the government's radar. The proposal would ensnare the industry's 30 largest companies, including TransUnion and its two biggest competitors, Experian and Equifax. Credit agencies, which produce on-demand reports with a consumer's credit score and a detailed snapshot of a person's borrowing history, are essential for obtaining a car, a home mortgage or even a cellphone. But the companies have also drawn criticism for producing the occasional error-riddled report and for deferring to creditors at the expense of consumers.

 

Well I like that part...

 

 

"Occasional error-riddled report???" :rofl:

[road2freedom]

Two equity firms? Bob Wang and The Banker?

[T1C]

Two equity firms? Bob Wang and The Banker?

 

 

Ha Ha! Nice.