Despite the turbulence of the last year due to the COVID-19 outbreak, the consumer credit market is poised to make a strong recovery. As detailed in the just-released Q1 2021 TransUnion Industry Insights Report, consumers [...]
As we slowly emerge from the global pandemic, credit unions (and all lenders) are evaluating their strategy, performance and member service models over the past 15 months. Many credit unions found efficiency in a more [...]
In a recent survey, 82% of executives across the globe said they believe digital wallet use will improve their company’s revenue over the next five years. The road to earning these revenues while securing [...]
If you’ve made the hard choice to file for bankruptcy, you may be wondering about the impact on your credit. Specifically, how long does bankruptcy stay on your credit report? As you’ll see [...]
The world changed drastically in 2020 as we grappled with the economic impacts of the COVID-19 pandemic. Changes in financial situations and stay-at-home orders caused a temporary — and in some cases, longer-term — shift in how [...]
Amid a pandemic-plagued 2020, community banks and credit unions rose to the occasion as reflected in: the disproportionate number of PPP loans that kept local communities afloat, the emergency loans and accommodations extended to struggling [...]
Our most recent Consumer Pulse revealed digital fraud has risen significantly in the last year. In fact, since March of 2020, reports of digital fraud have increased 73%. One popular scheme involves fraudsters impersonating Social [...]
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’[...]
TransUnion (NYSE: TRU) unveiled today its new seamless and real-time service for lenders and other businesses to access verified income and employment data. Risk decisions often require verifying consumer income and employment information to more [...]
To help consumers take more control of their data and more quickly secure the right loans at the right time, TransUnion (NYSE: TRU) announced today an equity investment in FinLocker’s approximately $20M Series A-1 [...]
New research from TransUnion’s (NYSE: TRU) Consumer Financial Hardship studies found that phishing is the top digital fraud scheme worldwide related to the COVID-19 pandemic. Among consumers reporting being targeted with digital COVID-19 schemes [...]
The COVID-19 pandemic is causing similar financial hardship for consumers around the world, but new research indicates that Millennials (those persons between the ages 26-40) are being challenged the most. A just-released TransUnion (NYSE: TRU) [...]
The user experience across financial services has evolved as consumers are increasingly shifting toward digital channels. To bring the FinTech experience to the credit union industry, TransUnion (NYSE: TRU) is working with Rate Reset to [...]
