Principles and Standards

TransUnion operates under the requirements of the federal Fair Credit Reporting Act (FCRA), as well as state laws. The federal government enacted the FCRA in 1970 to govern the relationship between consumers, creditors and information providers like TransUnion. This law limits access to credit data to those who have a legitimate, legally defined purpose for using it (in other words, those who have a "permissible purpose"). Permissible purpose includes the extension of credit, insurance and employment, among others.

TransUnion and other members of the Associated Credit Bureaus (ACB) have voluntarily adopted initiatives to enhance client service. These initiatives go beyond the language of the FCRA and focus on accuracy, privacy and consumer relations.