TransUnion Supports Enactment of the U.S. CARES Act
TransUnion CEO Chris Cartwright issued the following statement of support for the passage of the U.S. Coronavirus Aid, Relief, and Economic Security (CARES) Act:
“As the nation faces countless uncertainties in the midst of the COVID-19 outbreak, TransUnion remains committed to helping Americans navigate any financial hardship. We commend the U.S. Congress and regulators for taking strong action to provide consumers and businesses economic relief by passing the CARES Act, and we support continued leadership from lawmakers to ensure that consumers remain at the forefront of any future policy responses.
TransUnion will continue to do our part to support those who are financially impacted by this outbreak. We remain centrally focused on ensuring impacted consumers are aware of resources and relief available to them, and we are working directly with our partners across the broader consumer credit ecosystem to prevent adverse impacts to consumers’ credit reports as a result of the COVID-19 pandemic.”
More information on consumer resources and educational materials can be found on TransUnion’s COVID-19 website. TransUnion is also working with its U.S. trade association, Consumer Data Industry Association (CDIA), and industry peers to develop additional proactive solutions to help impacted consumers. CDIA has provided guidance to data furnishers about how banks and creditors can help consumers, and TransUnion continues to have industry-wide conversations on how it can enhance its support.
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company that makes trust possible in the modern economy. We do this by providing a comprehensive picture of each person so they can be reliably and safely represented in the marketplace. As a result, businesses and consumers can transact with confidence and achieve great things. We call this Information for Good.®
A leading presence in more than 30 countries across five continents, TransUnion provides solutions that help create economic opportunity, great experiences and personal empowerment for hundreds of millions of people.