Welcome to our dedicated page for TransUnion news (Ticker: TRU), a resource for investors and traders seeking the latest updates and insights on TransUnion stock.
TransUnion (NYSE: TRU) is a global information and insights company and one of the three major U.S. credit bureaus. The TRU news page on Stock Titan aggregates company announcements, research releases and market-facing updates so investors and observers can see how TransUnion’s data, credit and fraud capabilities are being applied across industries.
News about TransUnion often highlights its role in consumer credit trends and financial behavior. Examples include its Consumer Credit Forecast, which projects balances and delinquency expectations across credit cards, auto loans, mortgages and unsecured personal loans, and its Consumer Pulse studies that examine holiday spending, credit card usage and household financial optimism. These releases provide context on how lenders and consumers are navigating changing economic conditions.
TransUnion’s news flow also covers product and solution developments. Recent announcements describe enhancements to its Device Risk solution for fraud detection, the use of VantageScore 4.0 in a revised mortgage pricing model, and research-driven offerings such as TruVision Resident Score 4.0 for rental screening. Updates on partnerships, such as collaborations to integrate TruAudience Marketing Solutions data into AI-driven marketing models, show how the company’s datasets are used to improve predictive performance.
Another recurring theme in TransUnion’s news is its work in identity and fraud prevention, including reports on gig economy fraud trends and the use of identity verification and device intelligence on gig platforms. Corporate governance and leadership developments, such as board appointments and executive roles tied to consumer solutions, also appear in company communications.
By following TRU news on Stock Titan, readers can monitor TransUnion’s research publications, solution enhancements, credit and fraud insights, and key corporate updates in one place.
TransUnion (NYSE: TRU) has launched TruAudience® solutions, a suite designed to enhance identity and data capabilities for businesses. This initiative integrates technologies and expertise from three significant acquisitions: Tru Optik, Signal Digital, and TruSignal, developed over 2.5 years. TruAudience provides insight into 98% of U.S. adults and offers three core services: TruAudience Identity, TruAudience Data Marketplace, and TruAudience Platform, enabling precise, scalable audience targeting across various media.
TransUnion's Q2 2021 Credit Industry Insights Report indicates a strong recovery in the financial services sector post-COVID-19. Key findings include a 76% YoY increase in mortgage originations and a 16% rise in auto loans. The new Credit Industry Indicator (CII) rose to 128, surpassing pre-pandemic levels, reflecting improved lender confidence. Auto delinquencies are at 1.23%, while credit card utilization shows resilience with historically low delinquency rates. The report suggests sustained consumer demand, aided by low-interest rates and improved credit health.
TransUnion has appointed Todd Skinner as President, International, effective August 16, 2021, following David Neenan's decision to retire in January 2022. Neenan's tenure saw the International business revenue grow significantly from $270 million in 2015 to $629 million in 2019, with double-digit organic growth each year. Skinner, who has nearly 30 years of experience, previously served as Regional President for Canada, Latin America, and the Caribbean, where he drove revenue growth from $62 million to $104 million between 2015 and 2019.
TransUnion's Quarterly Fraud Analysis
TransUnion's latest report highlights a significant shift in digital fraud attempts, revealing a 16.5% increase globally year-over-year, with a 17.1% rise in the U.S. Gaming and travel sectors saw dramatic increases at 393.0% and 155.9% respectively. Over one-third of consumers reported being targeted by COVID-19 related fraud. Phishing remains the most common type of fraud. Businesses are encouraged to enhance security measures to protect increasingly wary consumers.
TransUnion (NYSE: TRU) announced a cash dividend of $0.095 per share for Q2 2021. This dividend is set to be paid on September 9, 2021, to shareholders who are on record by August 25, 2021. The company is recognized for providing essential information and insights that empower individuals and businesses, promoting economic opportunities globally.
TransUnion (NYSE: TRU) reported robust growth for Q2 2021, with total revenue increasing 22% to $774 million, driven by economic recovery in key markets. Net income rose to $128 million, leading to a diluted EPS of $0.66. The company raised its full-year financial guidance, anticipating ongoing market improvements. Adjusted EBITDA climbed 31% to $319 million with a margin of 41.1%. The U.S. Markets generated $485 million in revenue, up 20%, while International revenue surged 44% to $172 million. The company maintains a strong balance sheet with $526 million in cash and $300 million in undrawn credit capacity.
TransUnion conducted an analysis highlighting the benefits of rent payment reporting for consumers, revealing that including rent payments in credit files increases credit scores by nearly 60 points on average. The study indicates that approximately 9% of renters moved from unscorable to scorable, achieving an average score of 631. Moreover, 12% shifted to a higher credit tier, with subprime individuals seeing significant improvements. This initiative aims to enhance financial inclusion and support consumers who make substantial monthly rent payments.
TransUnion (NYSE: TRU) has announced a new partnership with the Homeland Security Experts Group, sponsoring the inaugural Homeland Security Enterprise Forum on Sept. 13-14, 2021. This event commemorates the 20th anniversary of 9/11, focusing on public-private cooperation for enhanced homeland security. TransUnion aims to strengthen its engagement with government decision-makers and leverage advancements in AI and machine learning for innovative solutions. Their public sector division offers key services including fraud detection and identity authentication to various government agencies.
TransUnion's latest report indicates a revival in the personal lines insurance market, approaching pre-pandemic levels.
As of March 28, 2021, property insurance shopping surged by 24.6% year-over-year, while auto insurance only saw a 14.0% increase. Contributing factors include rising mortgage originations and improving consumer finances.
Mark McElroy, TransUnion's EVP, predicts sustained positive trends in insurance shopping as the economy recovers.
TransUnion (NYSE: TRU) announces it will release its second-quarter financial results for the period ending June 30, 2021, on July 27, 2021, at 6:00 a.m. Central Time. The company will host a conference call at 8:30 a.m. CT the same day to discuss these results. Both the press release and a live webcast of the call will be accessible via the TransUnion Investor Relations website. This release is part of TransUnion's ongoing efforts to provide insights and create economic opportunity across its global operations.
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