CHICAGO, IL (February 22, 2022) — Verisk Financial’s leading business, Argus Information & Advisory Services, focuses on credit and debit card accounts and demand deposit account behaviors that complement TransUnion’s core consumer credit business. Together, Verisk Financial and TransUnion create a “full wallet ...
CHICAGO, IL (February 2, 2022) — With consumer credit performance maintaining healthy levels across auto, credit card, personal loans and mortgages, lenders continued to ramp up new account origination growth in the non-prime segment of the market near the end of 2021. TransUnion’s (NYSE: ...
CHICAGO, IL (December 15, 2021) — Continued expansion of lending, including to non-prime consumers, is expected to occur in 2022 with origination levels reaching or surpassing pre-pandemic levels, according to the newly released TransUnion (NYSE: TRU) Financial Services 2022 Consumer Credit Forecast. For auto loans ...
CHICAGO, IL (December 7, 2021) — As financial institutions look for new ways to promote financial inclusion efforts in the new year, a new TransUnion (NYSE: TRU) analysis underscores the importance of rent payments as an alternative credit data asset and how this information can ...
CHICAGO, IL (December 2, 2021) — TransUnion (NYSE: TRU) released new findings today around global e-commerce fraud trends that occurred during the busiest period of the 2021 holiday shopping season. The analysis found 17.46% of all global e-commerce transactions between Thanksgiving and Cyber Monday ...
CHICAGO, IL (October 28, 2021) — TransUnion (NYSE: TRU) marked the five-year anniversary of its popular Innovation Lab today during the Money 20/20 USA conference. Since its inception the Innovation Lab has helped dozens of banks, insurers, lenders and other financial institutions with customized ...
CHICAGO, IL (October 19, 2021) — Low-to-moderate income (LMI) consumers have traditionally been overlooked in the mortgage market and trail non-LMI consumers in terms of homeownership. A new study from TransUnion (NYSE: TRU) suggests closing this gap could yield mortgage lenders as much as ~$300 ...
CHICAGO, IL (October 7, 2021) — Despite financial challenges brought forth by the COVID-19 pandemic, a new study from TransUnion (NYSE: TRU) found that 18.7 million U.S. consumers that entered a financial hardship program experienced an increase to their VantageScore 4.0 credit ...
CHICAGO, IL (October 6, 2021) — TransUnion (NYSE:TRU), a global insights and information company, today announced its investment in U.K.-based fintech Monevo – a personal credit platform and API empowering lenders to deliver highly personalised credit offers to consumers via comparison websites and ...
CHICAGO, IL (September 30, 2021) — As financial institutions prepare for a more normal lending environment, a recent panel of TransUnion (NYSE: TRU) and Amazon Web Services, Inc. (AWS) executives posit that this industry should avoid a return to normalcy by investing in disrupting their ...
CHICAGO, IL (September 23, 2021) — A new study from TransUnion (NYSE: TRU) found that consumers seeking Buy Now, Pay Later (BNPL) and Point-of-Sale (POS) financing are also actively utilizing traditional credit – contrary to the assumption that these new credit offerings are taking market share ...
CHICAGO, IL (September 8, 2021) — As the credit union industry rebounds from the unique set of challenges presented by the COVID-19 pandemic, many community financial institutions are recalibrating their growth strategies with an eye toward bolstering inclusive lending efforts. Trended and alternative data can ...
CHICAGO, IL (August 9, 2021) — TransUnion (NYSE: TRU) and CU Strategic Planning announced today a partnership to help credit unions apply for Treasury Department Community Development Financial Institution (CDFI) Fund grants. Leveraging TransUnion’s Prama platform, credit unions will be able to better hone ...
CHICAGO, IL (June 24, 2021) — Enrollment in financial hardship programs grew significantly as a result of the COVID-19 pandemic – to approximately 7% of all accounts for credit products such as auto loans and mortgages. However, a new TransUnion (NYSE: TRU) study found that the ...
CHICAGO, IL (February 18, 2021) — Consumer credit activity picked up in the final quarter of 2020 as balances increased across most credit products and originations activity rose from the lows observed during the early stages of the COVID-19 pandemic. TransUnion’s (NYSE: TRU) newly ...
