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TransUnion - TRU STOCK NEWS

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 leading global provider of credit information and risk management solutions, serving businesses and consumers across 30+ countries. This dedicated news hub delivers essential updates on corporate developments, financial performance, and strategic initiatives shaping the credit data industry.

Access real-time announcements including quarterly earnings disclosures, executive leadership changes, and technology partnerships. Our curated collection features press releases covering product launches like AI-driven fraud detection tools, expansion into new markets, and innovations in alternative credit scoring models.

Key updates include regulatory filings, merger & acquisition activity, and thought leadership content on financial inclusion trends. Investors will find comprehensive coverage of dividend declarations, share repurchase programs, and analyst commentary relevant to TRU's market position in the financial services sector.

Bookmark this page for streamlined access to verified TransUnion announcements. Check regularly for critical updates affecting credit reporting standards, data security enhancements, and emerging solutions in consumer finance technology.

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IdentityForce research highlights financial, physical, mental, and digital health as top employer concerns
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TransUnion (NYSE: TRU) partners with Snowflake's Samooha to enhance privacy-first identity resolution and audience segmentation in the advertising industry. The collaboration allows clients to securely collaborate and share customer data within a clean room environment, maintaining data integrity and privacy controls.
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TransUnion's report predicts an increase in insurance shopping in 2024 due to market factors like declining mortgage rates and consumer behavior changes. Insurers are advised to focus on targeted marketing similar to pricing strategies to attract desired prospects.
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TransUnion (TRU) declares a cash dividend of $0.105 per share for Q4 2023, payable on March 22, 2024, to shareholders of record on March 7, 2024.
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TransUnion (TRU) reported a 6% revenue growth in Q4 2023, with total revenue reaching $954 million. The company announced a transformation program expected to save $120-140 million annually by 2026. They prepaid $25 million in debt in Q4 and $250 million in 2023. Financial guidance for 2024 includes 3-5% revenue growth. Net income was $6 million in Q4 2023, down from $46 million in Q4 2022. Adjusted Net Income was $156 million, and Adjusted EBITDA was $326 million in Q4 2023.
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TransUnion's Q4 2023 Credit Industry Insights Report reveals that credit card debt in the U.S. has reached a historical high, driven by Millennials increasing their credit portfolios. Bankcard balances surpassed $1 trillion for the first time, with 13% year-over-year growth. Millennials now have the largest share of bankcard balances, surpassing Baby Boomers. However, originations for unsecured personal loans and home equity lending products were down year-over-year.
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TransUnion's TruContact™ Spoofed Call Protection has been recognized by Juniper Research's Future Digital Awards for Telco Innovation 2024 for the third consecutive year, receiving a Gold Award for 'Best Robocall Mitigation Solution' in the Security and Fraud Innovation category. This recognition highlights TransUnion's effectiveness in combating fraudulent calls and scams, ultimately helping to restore trust in the phone channel.
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A new TransUnion study found that more than 100 million U.S. consumers monitored their credit data from TransUnion between 2018 and 2023. The study revealed that consumers monitor their credit for reasons such as opening new credit accounts, managing debt levels, and improving credit scores. The study also identified distinct segments of credit monitoring consumers and quantified the benefits they experienced. These benefits include greater access to credit, improved ability to pay down debt, and better credit profiles.
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AT&T and TransUnion (NYSE: TRU) have partnered to offer outgoing calls for businesses that display a brand name and logo on the receiver’s phone, verified with STIR/SHAKEN standards. This industry-first feature aims to improve consumer trust and help customers decide which calls to answer. The collaboration addresses consumer concerns about unwanted calls and fraud, with 73% of respondents avoiding unknown calls and 76% being likely to answer calls from businesses if the companies displayed their name and logo. The partnership represents the culmination of years of collaboration between AT&T and Neustar, now part of TransUnion, to restore trust in the phone and protect enterprises and consumers alike.
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TransUnion's latest report reveals that high-income Millennials were the dominant force in betting activity despite decreased consumer liquidity, driven by rising debt and delinquencies. The report found a 10% decrease in betting activity in Q4 of 2023, with Millennials being the only generation reporting better than planned household finances. The research also highlighted the shift towards online betting channels and the importance of distinguishing between high value and high-risk bettors.
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NYSE:TRU

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14.22B
194.43M
0.32%
101.35%
2.31%
Financial Data & Stock Exchanges
Services-consumer Credit Reporting, Collection Agencies
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United States
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