TransUnion News Archives

Understanding the consumer dynamics of auto refinance

Understanding the consumer dynamics of auto refinance

Vehicle sales will continue to decline as inventory shortages impact retail and wholesale supply chains. As such, auto lenders are exploring growth options and even traditionally non-auto lenders are entering a largely untapped space — auto [...]

Credit cards are surging thanks to Gen Z

Credit cards are surging thanks to Gen Z

The just-released Q3 2021 Quarterly Credit Industry Insights Report (CIIR) reveals the auto, mortgage and personal loan industries all showed renewed signs of strength, along with a resurgence in the credit card industry — largely due [...]

Save or pay off debt? Here’s what to consider

Save or pay off debt? Here’s what to consider

If you feel like debt is weighing you down, but you want to build up some savings, too, you’re not alone. Our quarterly Consumer Pulse shows that, despite challenges to household budgets, some people [...]

Paying for a wedding: Loan and credit card considerations

Paying for a wedding: Loan and credit card considerations

Your wedding promises to be a wonderfully memorable day, but it can also come with a wonderfully hefty price tag. There are the major expenses like the venue, food and entertainment. But little things can [...]

Small business credit basics: Tips for the self-employed

Small business credit basics: Tips for the self-employed

If you’re getting into business for yourself, say through ride sharing, freelance work or selling products online, you’re likely starting to take business cash flow seriously. Your personal finances and business finances may [...]

Buy now pay later basics: 5 things to know before you shop

Buy now pay later basics: 5 things to know before you shop

When checking out at your favorite online store, you may have seen the option to “Buy Now Pay Later.” Buy now pay later (BNPL) programs are becoming more common as retailers partner with companies to [...]

What parents need to know about child identity theft

What parents need to know about child identity theft

You may have considered identity protection measures for yourself. But how about for your children? Children can’t apply for credit on their own until they’re 18, and they likely have few financial assets. [...]

Credit freeze vs lock: What’s the difference?

Credit freeze vs lock: What’s the difference?

You may have heard about credit freezes and credit locks. But did you know there are differences between them? Both a credit lock and credit freeze block access to your credit report. They prevent anyone [...]

Big gains for all four credit sectors in Q2 2021

Big gains for all four credit sectors in Q2 2021

The Q2 2021 data is out, and it points to a strong recovery for the financial services industry, according to the TransUnion Q2 2021 Quarterly Credit Industry Insights Report (CIIR). As we hit the mid-point [...]

Perspectives on the credit union market

Perspectives on the credit union market

Credit Union Performance Metrics Q2 was encouraging for credit unions in a number of categories. Originations soared with 36.3% YoY growth; perhaps unsurprising given the state of the nation one year ago in Q2 [...]

As COVID-19 lockdowns lift, fraudsters shift focus

As COVID-19 lockdowns lift, fraudsters shift focus

What’s the impact on digital fraud as countries ease COVID-19 lockdown restrictions? We recently analyzed billions of transactions in our flagship identity proofing, risk-based authentication and fraud analytics solution suite — TransUnion TruValidate™ — and found [...]

Effectively tapping into emerging UPL demand

Effectively tapping into emerging UPL demand

The COVID-19 pandemic profoundly impacted consumers and commerce.  The crisis and resulting shutdowns drove unprecedented changes in borrowing trends. Today, understanding consumers’ financial and lifestyle changes is even more crucial for lenders.  Leveraging multiple data [...]