TransUnion’s new TruVision Trended Risk Score expands lenders’ insights into consumers who may not otherwise be scoreable, helping increase financial inclusion. The solution is Canada’s only credit score offering built using post-pandemic consumer data, with a view into borrowing and payment behaviour, calculated from more than 100 proprietary variables. TORONTO, March 19, 2025 (GLOBE NEWSWIRE) -- TransUnion® (NYSE:TRU) Canada is helping expand credit access for new Canadians and those...
CHICAGO, March 17, 2025 (GLOBE NEWSWIRE) -- While channels like email and messaging are more prevalent, the phone remains one of the most business-critical tools available, according to a 2025 study from Forrester Consulting, commissioned by TransUnion (NYSE: TRU). The study found 86% of decision-makers across a wide range of industries agree the phone is the most important outbound channel for meeting customer service goals and increasing revenues. The study surveyed 719 decision-makers...
CHICAGO, March 10, 2025 (GLOBE NEWSWIRE) -- Mohamed Abdelsadek has joined TransUnion (NYSE: TRU) as Executive Vice President and Chief Global Solutions Officer, effective March 10, 2025. The Global Solutions team fulfills an important role advancing the innovation and commercialization of TransUnion’s global product portfolio. As Chief Global Solutions Officer, Abdelsadek will manage revenue growth and profitability through the strategy, planning, innovation and commercialization of...
CHICAGO, March 06, 2025 (GLOBE NEWSWIRE) -- While consumers rely on dating apps to find romantic partners, the vast majority would like to feel more confident that other users are representing themselves accurately. A new report from TransUnion (NYSE: TRU) found that 85% of women and 87% of men believe that dating platforms should verify user information such as age, recency of photos, and location. Consumers cited inconsistencies with how people portray themselves on their profiles compared to...
CHICAGO, March 05, 2025 (GLOBE NEWSWIRE) -- Tax refund theft is an annual concern and 2025 brings an elevated risk, according to a TransUnion (NYSE: TRU) analysis. Researchers found that in 2024 there were 970 data breaches in which fraudsters obtained the kinds of personally identifiable information (PII) required for various forms of tax fraud. In total, 640 million consumer records were exposed in 2024, containing critical pieces of information like Social Security numbers, address histories,...
CHICAGO, March 04, 2025 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) announced today an advancement of its partnership with Truework, a leading income and employment verification provider. The collaboration will now allow mortgage lenders more encompassing and reliable access to the verification of income and employment (VOI/E) information they need to accelerate underwriting while minimizing costs. TruVision™ Income and Employment Verification (Powered by Truework) enables a comprehensive...
CHICAGO, Feb. 25, 2025 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) today announced that Todd Cello, Executive Vice President, Chief Financial Officer, will present at the RBC Capital Markets Global Financial Institutions Conference on Tuesday, March 4, 2025. The presentation is scheduled to begin at 9:00 a.m. CT (10:00 a.m. ET). A live webcast of the presentations will be made available on the TransUnion Investor Relations website at http://www.transunion.com/tru. A replay will also be available...
CHICAGO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Despite recent data calling into question the possibility of interest rate cuts over this year, new account originations across several credit products are still expected to grow in 2025. These findings were released today in conjunction with TransUnion’s (NYSE: TRU) newly issued Q4 2024 Quarterly Credit Industry Insights Report (CIIR) . Following multiple years of depressed origination growth, largely driven by stubbornly high inflation, rising...
CHICAGO, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Tiffani Chambers has joined TransUnion (NYSE: TRU) as Executive Vice President and Chief Operations Officer, effective February 19, 2025. TransUnion’s Global Operations team serves an important role delivering premium experiences for consumers and customers. Tiffani will oversee activities including consumer relations, customer delivery and relationship management, TransUnion’s Global Capability Center network, procurement and real estate. She will...
Key findings from TransUnion report: Despite stabilization of macroeconomic conditions, total consumer debt and delinquency rates continue to rise Gen Z consumers continue to drive credit market activity Credit card balances hit new milestone of $124 billion and delinquency rates rise even as average monthly card spend declines TORONTO, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Total consumer debt in Canada hit a historic high of $2.5 trillion as outstanding balances across all credit products grew by...
CHICAGO, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Both auto and property insurance shopping saw 20% year-over-year increases in Q4 2024, according to TransUnion (NYSE: TRU) research. However, profitability for auto and property insurance was uneven. While auto insurance has come close to achieving rate adequacy, the property insurance market has been constrained due to limited rate increases and losses from natural disasters, like hurricanes Helene and Milton. What’s more, 2025 is already off to a...
CHICAGO, Feb. 13, 2025 (GLOBE NEWSWIRE) -- TransUnion (NYSE:TRU) has announced the launch of its new direct-to-consumer experience in the U.S., enabled by its strategic collaboration with Credit Sesame, a leader in the credit management space. This new offering is expected to enable TransUnion to more fully serve the tens of millions of consumers who visit TransUnion digital properties annually, with a highly engaging freemium credit education solution that will be integrated with enhanced...
Exceeded fourth quarter 2024 financial guidance for revenue with 9 percent growth driven by U.S. Markets Financial Services and Insurance verticals, and our International segment Delivered strong financial results in 2024 while executing on technology modernization and delivering ~$85 million of transformation program savings Announcing new freemium direct-to-consumer credit education and monitoring offering, enabled in collaboration with Credit Sesame Providing 2025 financial guidance, we...
CHICAGO, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Betting activity increased slightly in Q4 2024 to 26% of consumers, compared to 24% in the same period of 2023. However, this uptick was caused by significant generational changes in activity, primarily among Baby Boomers and Millennials, according to a new report from TransUnion (NYSE: TRU). While Millennials have dominated all forms of betting in recent years, this generation’s engagement dropped 5% YoY in Q4 2024. Conversely, Baby Boomers and Gen...
CHICAGO, Feb. 06, 2025 (GLOBE NEWSWIRE) -- AT&T and TransUnion (NYSE: TRU) are now offering outgoing calls for businesses that display a reason for the call in addition to showing their brand name and logo. This capability is made possible through TransUnion’s Branded Call Display , and it gives AT&T wireless subscribers more confidence in who’s calling and why. Reason for the call will appear for most Android users on incoming calls from participating businesses and organizations, and in...
CHICAGO, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Despite a strong employment picture, some consumers are still struggling financially due to elevated inflation and higher than normal interest rates. The lowest income households (those earning less than $50,000) face another challenge, with only 35% indicating they have sufficient access to credit and lending products. i In an effort to provide lenders with a clearer picture of thin- or no- file consumers, including those who may not be gaining...
CHICAGO, Feb. 04, 2025 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) announced today newly commissioned research by The Path to Purchase Institute (P2PI), the 2025 Annual Trends Study , highlighting continued growth in retail media investment alongside persistent challenges in optimizing these platforms. The study reveals that 70% of companies plan to increase their retail media budgets in 2025. However, persistent challenges such as scale, targeting, and measurement remain key obstacles to broader...
Viant Technology Inc. (NASDAQ: DSP), a leader in AI-powered programmatic advertising, today announced its enhanced identity offering designed to address the mounting challenges of signal loss in a cookieless and privacy-first advertising landscape. Advertisers are seeking better solutions to improve targeting and measurement across all channels. Viant’s innovative identity solution tackles these issues head-on, bolstered by a new partnership with TransUnion, Viant can match its Household ID to...
NEW ORLEANS, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Over the coming year, many consumers considering an auto loan or lease may be reentering the market with far more complicated credit pictures than they did, even just a few years ago. The findings come from a new analysis released today by TransUnion (NYSE: TRU) in conjunction with the 2025 AFSA Vehicle Finance Conference in New Orleans. TransUnion’s recently released Consumer Pulse Study found that among consumers who said they’re planning to...
CHICAGO, Jan. 16, 2025 (GLOBE NEWSWIRE) -- TransUnion (NYSE:TRU) has signed a definitive agreement to acquire majority ownership of Trans Union de Mexico, S.A., S.I.C., the consumer credit business of the largest credit bureau in Mexico, Buró de Crédito. TransUnion currently owns approximately 26% of Trans Union de Mexico, has held seats on its board of directors for over two decades, and serves as one of its technology providers. TransUnion has agreed to acquire an additional 68% from selling...