Tagged: transunion

Fraudulent Activities: Majority of Property Managers Experienced Fraud in Past 2 Years – Report

Six out of 10 or 60% of property managers reportedly experienced fraud during the last two years, according to the latest TransUnion (NYSE: TRU) research which finds outdated risk assessment methods leading to alarming levels of late detection. As the rental market grew over the… Read More

Fraudulent Activities: Nearly 1 in 7 Newly Created Accounts Suspected to be Digital Fraud – Report

Largely driven by bad actors using fabricated or stolen identities, the newly released TransUnion (NYSE: TRU) 2024 State of Omnichannel Fraud Report, based on proprietary insights from TransUnion’s global intelligence network, found that nearly one in seven newly created accounts is suspected to be Digital… Read More

TransUnion Technology Transformation Enhanced with OneTru, a an AI-enabled Data Tool

TransUnion (NYSE: TRU) technology transformation is reportedly set to reache its next phase with the introduction of OneTru, a platform that is said to be built for AI-powered data collaboration. The OneTru solution enablement platform reportedly capitalizes on “the company’s authoritative data assets, cloud-enabled infrastructure… Read More

TransUnion Partners with Samooha to Enable Privacy-First Identity Resolution and Audience Segmentation

TransUnion (NYSE: TRU) announced a partnership between its marketing solutions line, TruAudience, and Samooha, by Snowflake, a native data clean room solution on Snowflake. The partnership paves the way “for a privacy and data-driven future in the advertising industry.” This also represents a significant step… Read More

Personal and Auto Insurance Signups Projected to Rise in 2024, Research Report Claims

Despite the ongoing seasonal dip in Q4 2023, insurance shopping is likely to remain strong in 2024 according to a recent TransUnion report which suggests insurers “approach marketing similar to pricing in order to target desired prospects.” Personal and auto insurance shopping is “likely to… Read More

TransUnion Introduces Solution to Assess Property Values, Amidst Impact of Interest Rate Fluctuations

With an anticipated drop in interest rates in the months to come, many homeowners may soon begin tapping the equity that “has built up in their homes as a result of today’s historically high property values,” according to an update from TransUnion. It is with… Read More

US Consumers Being Increasingly Victimized by Fraud on Gig Economy Platforms – Report

Nearly one in four (24%) Americans have been victimized by fraud or identity theft “while using gig economy platforms, like delivery and ride-sharing apps,” according to an update from TransUnion. That is more than double the rate they “experienced elsewhere, with only 10% reporting victimization… Read More

Consumers Experience Fraud Attempts via Phone Calls Multiple Times Per Week – Research Report

“Who’s calling now?” has become a “ubiquitous” question and a “sign of the times” for mobile users as fraud and spammers repeatedly target consumers through their phones. New research from TransUnion (NYSE:TRU) reveals that “around one-third of consumers experience fraud attempts multiple times per week,… Read More

Suspected Fraud via E-Commerce Platforms in the US Up 12% During Peak Holiday Period Compared to Rest of 2023 – Report

TransUnion (NYSE: TRU) released findings highlighting global e-commerce fraud that occurred during the start of the 2023 holiday shopping season. Based on insights from TransUnion’s global device risk consortium, the analysis found 3.6% of all global e-commerce transactions “reviewed during the Cyber Five days were… Read More

Registrations for EVs Surge and Credit Makeup of Buyers Continued to Remain Strong – TransUnion Report

Despite electric vehicle (EV) sales moderating from a torrid pace, the share of new EV car registrations increased markedly through “the first half of 2023 to 8.3%, up from 5.6% one year earlier.” A TransUnion (NYSE: TRU) study conducted in collaboration with S&P Global Mobility… Read More

65% of Consumers Floored by Student Loan Repayment Resumption: TransUnion

Two in three consumers (65%) with a student loan said they were caught by surprise when the U.S. Department of Education announced this summer that student loan repayments would begin once more in October 2023. TransUnion’s Q4 2023 Consumer Pulse study found that 49% of… Read More

TransUnion Target of Regulatory Action by CFPB, FTC, Must Pay $23 Million Penalty

The Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) have taken regulatory action against global credit profiling firm TransUnion (NYSE: TRU), claiming the company failed in regard to rental background checks. Additionally, the two agencies claimed TransUnion withheld the names of third parties… Read More

TransUnion Report Shows 2023 Credit Union Data Shifts

Data from TransUnion shows that rising interest rates have pooped the credit union account origination party. The newly released Q3 Credit Union Market Perspectives Report can be viewed here. Interestingly, borrowers continue to take advantage of existing credit lines as balances across most credit products… Read More

TransUnion TruIQ Data Enrichment to Offer Financial Institutions with Access to Pseudonymized Credit Data within Private Environments

To better equip financial institutions’ need for faster data, more control and bigger impact throughout the analytics lifecycle, TransUnion (NYSE: TRU) launched TruIQ Data Enrichment. The solution provides unlimited, on-demand access “to pseudonymized TransUnion credit data within a customer’s private environment.” TruIQ Data Enrichment includes… Read More

Synthetic Identity Fraud Growing to “Record Levels,” New Report Reveals

U.S. lender exposure to synthetic identities is nearly $3 billion; Auto loans reach $1.8 billion representing more than 60% of total exposure to synthetic identities, according to an update from TransUnion (NYSE: TRU). As origination volumes for some credit products slow, a new TransUnion  analysis… Read More

TransUnion study dives into debt consolidation techniques

A new study from TransUnion shows the measures many Americans take to rid themselves of high-interest credit card debt are but a temporary reprieve. “Debt Consolidation in a Rising Economy” describes how many turn to unsecured personal loans to consolidate their debts. Data generated between April… Read More

Gen Z Consumers Turning to Bankcards, Unsecured Personal Loans As Lenders Tighten Underwriting, Report Reveals

At the mid-point of 2023, Gen Z consumers (born between 1995 and 2005) increasingly find themselves with new access to credit products. The newly released Q2 2023 Quarterly Credit Industry Insights Report (CIIR) from TransUnion (NYSE: TRU) shows “that relative to the consumer population as… Read More

TransUnion Report: Consumers Now with Negative Equity, As Loan-to-Value Ratios Rise, And Used Vehicle Values Fall

A newly released TransUnion and J.D. Power study shows that while most remain in positive equity positions, potential risk is “increasing among some consumers and lenders.” A return to a vehicle environment “closer to the pre-pandemic norm has allowed for inventories to replenish and for… Read More

TransUnion, Truework to Provide Income Verification Coverage with Robust Credit Data

Truework says sit has reached a significant milestone in their journey as they “work towards creating trust in every financial transaction.” Truework has entered into a strategic partnership with TransUnion, one of the largest information and insights companies in the world. In addition, TransUnion has… Read More

TransUnion Report: 37% Increase in Number of Property Managers Reporting Rent Payments in Past Year

More than one-third (36%) of property managers who are “aware of the practice of reporting rent payments to credit reporting agencies do so.” The finding comes from new research from the Tenant and Employment business at TransUnion (NYSE: TRU) and “represents a 37% increase from… Read More