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) reported a significant rise in digital fraud attempts amid the COVID-19 pandemic, with a 46% increase in suspected fraudulent transactions globally from March 2019 to March 2021. In the U.S., this increased by 22%. The study noted that 36% of global consumers reported being targeted by COVID-related fraud, up from 29% in April 2020. Gen Z faces the highest risk at 42%, while millennials follow at 37%. The report also highlighted that the telecommunications and financial sectors experienced over 57% increase in fraudulent attempts during this period.
TransUnion’s latest Consumer Pulse study reveals the ongoing financial impact of COVID-19 on U.S. households one year after the pandemic began. Currently, 38% of consumers report negative effects on household income, down from 53% in March 2020. The study surveyed 2,995 individuals, showing that 77% of fully vaccinated respondents feel optimistic about their financial futures. The report categorizes consumers into three types: Stable (35%), Hopeful (27%), and In Limbo (22%). Despite challenges, over half of resilient consumers plan to increase discretionary spending soon.
TransUnion's new survey reveals a significant gap in healthcare organizations' access to accurate patient data, with only 37% of payers and 58% of providers expressing high confidence in the accuracy of demographic information. The survey indicates that improving efficiencies and creating positive patient experiences are key data priorities for healthcare leaders. As organizations face increased financial pressures due to COVID-19, comprehensive and validated data is critical for enhancing patient outcomes and reducing costs.
TransUnion (NYSE: TRU) will have its President and CEO, Chris Cartwright, present at the BofA Securities Information Services Conference on March 18, 2021, at 12:05 p.m. CST. A live webcast will be available on the TransUnion Investor Relations website, and a replay will follow the presentation. TransUnion focuses on providing comprehensive information and insights to foster trust in the economy, assisting businesses and consumers worldwide. They operate in over 30 countries, committed to creating economic opportunities and empowering individuals.
TransUnion's research indicates a significant impact of COVID-19 on insurance shopping behaviors, especially for personal auto insurance. In December 2020, shopping rose by 6.2% year-over-year, showing signs of recovery influenced by improved consumer confidence and stock market performance. However, shopping rates were generally lower than pre-pandemic levels throughout much of 2020. Higher-risk consumers faced greater financial hardships, leading to decreased insurance shopping rates. The Insurance Shopping Snapshot Report will continue to monitor these trends quarterly.
TransUnion's Insurance Shopping Snapshot Report reveals a 6.2% year-over-year increase in personal auto insurance shopping in December 2020. Economic factors such as strong stock market performance, improving consumer confidence, and vaccine advancements contributed to this uptick. Despite this rise, shopping levels remained below 2019 figures for most of the year, indicating ongoing challenges. Higher-risk consumers faced financial hardships, leading to decreased shopping rates. The report, based on 500 million transactions, will be updated quarterly to track ongoing trends.
TransUnion's Rental Housing Financial Impact Study reveals positive trends in the rental market amid COVID-19 challenges. The study analyzed data from nearly three million renters and found that the percentage of renters 60+ days delinquent dropped to 23.1% in 2020 from 24.7% in 2019. Projected delinquency rates for 2021 are expected to remain within historical norms. Renters reduced debt levels by $542, and their average ResidentScore 3.0 increased by seven points to 668. Challenges remain, including heightened financial worries among 31% of impacted renters.
CHICAGO, Feb. 25, 2021 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) has declared a cash dividend of $0.075 per share for the fourth quarter of 2020. This dividend is set to be paid on March 26, 2021, for shareholders on record as of March 11, 2021. TransUnion is a global information and insights company operating in over 30 countries, dedicated to creating economic opportunities and enhancing consumer transactions with confidence.
TransUnion (NYSE: TRU) has announced the expansion of its Global Capability Center in Chennai, India, to Pune and the establishment of a new center in South Africa. This strategic move leverages global talent pools to enhance operational efficiency and scalability. The Pune center will complement existing capabilities in Chennai, focusing on cloud, automation, and data analytics, while the South Africa center will facilitate global operations virtually. These centers aim to strengthen TransUnion's global presence and drive innovation in support of the company's mission of Information for Good.
The Q4 2020 TransUnion Industry Insights Report reveals a recovery in consumer credit as activity increased across most products, although subprime auto lending lagged. Originations surged, particularly in mortgages, which rose 67% from the previous year. Despite the rise, serious delinquency rates for subprime auto borrowers increased by 22%. By year-end, credit card ownership hit an all-time high, yet balances continued to decline. The report highlights the impact of forbearance programs on delinquency rates, forecasting potential increases as accounts exit these accommodations.
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