TransUnion announces additional changes regarding collection and reporting of public record information
On July 1, 2017, TransUnion, Equifax and Experian adopted increased restrictions in their public records collection practices, requiring each citation to include the person’s name and address plus either their date of birth or social security number. The restrictions in reporting practices was estimated to eliminate nearly all civil judgement records and approximately 50% of all tax lien records previously included in consumer credit reports, according to a New York Times article published in June 2017.
In a communication recently released by TransUnion, effective the week of April 16, 2018 TransUnion will stop reporting tax lien information and will remove all tax liens from their consumer credit reports. The agency indicated this action is in response to their desire to settle pending litigation and adhere to the increased standards of the National Consumer Assistance Plan (NCAP.) TransUnion further clarified its intent to continue to report bankruptcy public record data. They also shared Experian and Equifax have indicated they will make comparable changes to their reporting practices in April 2018.