In the wake of South Africa's truth‐telling experiment as part of its transition from apartheid to democracy, truth commissions have become one of the most utilized mechanisms for addressing past atrocities. While most truth commissions are established in countries undergoing “transition” to democratic governance or peace, increasingly, established democracies such as Canada, Norway, Sweden, and Finland have also undertaken such processes to address historical (and often, racial) injustices. The U.S. Department of State has denied the relevance of truth commissions to the United States for addressing its own history of racial injustice, however, the U.S. itself has been home to at least 13 official truth commissions (operating primarily at the state‐, county‐, and city‐level) and numerous unofficial truth‐telling processes emanating from civil society. In this article, I review literature on truth commissions with a focus on history and theorized importance, recent application to the more established democracies of the “Global North” and overall significance and limitations in terms of fostering racial justice and social transformation in what are primarily settler colonial states. I conclude by evaluating the state of this research area and by suggesting directions for future research.