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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 global leader in information and insights, providing innovative solutions to businesses and individuals worldwide. Serving approximately 45,000 companies and over 500 million customers across 33 countries, TransUnion's mission is to empower economies by offering reliable and actionable consumer information.

Core Business: As one of the three leading credit bureaus in the United States, TransUnion is pivotal in the credit granting process. The company offers a wide range of services, including credit reporting, fraud detection, marketing, and advanced analytics. By leveraging its extensive data, TransUnion helps businesses manage risk, improve marketing strategies, and enhance customer experiences.

Recent Achievements and Partnerships: In April 2024, TransUnion partnered with GrowthLoop to enhance identity resolution and marketing solutions. This collaboration addresses the challenges marketers face due to low match rates in digital advertising, offering improved audience targeting and campaign efficacy.

Financial Condition and Global Presence: TransUnion generates about a quarter of its revenue from international markets, operating in over 30 countries. The company continues to expand its global footprint through strategic acquisitions and technology investments, ensuring robust financial health and sustained growth.

Products and Services:

  • Credit Information: Comprehensive consumer credit reports that support lending decisions.
  • Fraud Detection: Advanced solutions to identify and mitigate fraudulent activities.
  • Marketing Solutions: Data-driven strategies to enhance customer acquisition and retention.
  • Analytical Services: Insights and analytics that drive business intelligence and decision-making.

Current Projects: TransUnion is continuously innovating to improve its offerings. Recent initiatives include enhanced identity threat intelligence technology and updated consumer financial strain analysis, helping government agencies better support constituents during economic challenges.

Commitment to Trust and Innovation: TransUnion's motto, Information for Good®, reflects its dedication to fostering trust and economic opportunity. By providing a reliable and comprehensive view of consumers, TransUnion enables confident transactions and significant achievements for individuals and businesses alike.

News

Following Rapid Rise in Credit Card Use, More Consumers Now Using Unsecured Personal Loans to Consolidate Debt

Rhea-AI Summary
A new TransUnion study found that consumers are using unsecured personal loans to consolidate high-interest credit card debt. The study showed that credit card debt consolidators saw a decrease in their credit card balances of 57% on average after consolidating, but for many, those balances returned close to their previous levels 18 months later. Consumers who used unsecured personal loans to consolidate credit card debt were more likely to be in the prime or above risk tiers. However, they also saw an 18-point increase in their credit scores on average. UPL refinancers and non-debt consolidators saw minor declines in their credit scores that persisted for at least 18 months.
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Auto Insurance Shopping Bolstered by Increased Vehicle Sales and Search for Lower Rates

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TransUnion's quarterly report shows that auto insurance shopping rates were up 12% in Q2 2023, driven by the search for lower premiums. Property insurance shopping also increased by 13%, but slowed down compared to Q1 2023. Insurers may face challenges and opportunities with younger customers who are priced out of homeownership.
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Gen Z Coming of Age in Credit Markets

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TransUnion (NYSE: TRU) Q2 2023 Credit Industry Insights Report reveals Gen Z consumers increasingly accessing credit products, with bankcard balances reaching a record high of $963 billion, up 17.4% YoY. Unsecured personal loan originations fell 16.1% YoY, impacting subprime borrowers.
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TransUnion Declares Second Quarter 2023 Dividend of $0.105 per Share

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TransUnion (NYSE: TRU) has declared a cash dividend of $0.105 per share for the second quarter 2023. The dividend will be payable on September 7, 2023, to shareholders of record on August 23, 2023.
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Radian Appoints Anne Leyden to Board of Directors

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Radian Group Inc. (RDN) appoints Anne Leyden, a senior human capital management executive, to its Board of Directors. Anne's experience in financial services and consumer credit sectors will contribute to the company's long-term stockholder value. Radian's CEO and Board Chairman express confidence in Anne's leadership and strategic abilities, highlighting her valuable skills and experience in developing high-performing teams and successful business approaches.
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TransUnion Research Finds Outdated Contact Data Negatively Impacts Customer Contactability, While Increasing Susceptibility to Compliance And Other Risks

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TransUnion (NYSE: TRU) research reveals that outdated customer contact data is hindering enterprises' ability to reach customers, leading to operational inefficiencies, reduced revenue, and poor customer experience. The research shows that close to half of consumers maintain inactive email accounts and one in five changed mobile phone numbers in the past two years. The implications of this data are detailed in the eBook, 'Can’t Find Your Customers? A Roadmap for Optimizing Connections.'
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TruContact Phone Behavior Intelligence and Dialer Intelligence Wins TMC 2023 Contact Center Technology Award

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TransUnion (NYSE: TRU) Receives 2023 CUSTOMER Magazine Contact Center Technology Award for TruContact™ Phone Behavior Intelligence (PBI) and Dialer Intelligence, powered by Neustar®
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Gaming Industry Rebounded in First Half of 2023, But Deferred Student Loan Repayments Loom

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TransUnion (NYSE: TRU) releases report on the financial health and behaviors of gambling consumers, revealing a rise in mobile sports betting participation and the impact of inflation on consumer wallets.
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TransUnion Announces Second Quarter 2023 Results

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TransUnion (NYSE: TRU) delivered strong financial performance in the second quarter, growing revenues by 2 percent (3 percent constant currency) to $968 million. The company prepaid $75 million in debt and maintains its 2023 full-year guidance. Despite a decrease in net income and adjusted EBITDA, the International segment saw an 8 percent revenue increase. The company also revised previously issued financial statements due to an error in the classification of employee costs.
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TransUnion Research Finds Resilient Consumers Not Skimping on Back-to-School Shopping

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TransUnion (NYSE: TRU) research reveals 84% of families plan to spend the same or more on back-to-school shopping in 2023, showing resilience to inflation. Low-income households also exhibit strong spending intentions. Among those planning to spend the same, 62% plan to spend less than $250 per child.
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FAQ

What is the current stock price of TransUnion (TRU)?

The current stock price of TransUnion (TRU) is $95.53 as of December 24, 2024.

What is the market cap of TransUnion (TRU)?

The market cap of TransUnion (TRU) is approximately 18.6B.

What services does TransUnion offer?

TransUnion offers credit reporting, fraud detection, marketing solutions, and advanced analytics services.

How many countries does TransUnion operate in?

TransUnion operates in over 30 countries, serving businesses and consumers worldwide.

Who are TransUnion's customers?

TransUnion serves around 45,000 companies and over 500 million customers globally.

What is TransUnion's partnership with GrowthLoop about?

TransUnion partnered with GrowthLoop to enhance identity resolution and marketing capabilities, improving audience targeting and campaign effectiveness.

How does TransUnion contribute to economic opportunities?

TransUnion provides reliable consumer information and innovative solutions, enabling confident transactions and significant achievements for individuals and businesses.

What is TransUnion's motto?

TransUnion's motto is 'Information for Good®,' reflecting its commitment to trust and economic empowerment.

How does TransUnion help with fraud detection?

TransUnion offers advanced fraud detection solutions that identify and mitigate fraudulent activities to protect businesses and consumers.

What recent technological advancements has TransUnion made?

TransUnion has recently developed enhanced identity threat intelligence technology and updated consumer financial strain analysis to support better decision-making.

What is the significance of TransUnion's credit information services?

TransUnion's credit information services provide comprehensive consumer credit reports, which are essential for lending decisions and managing credit risk.

How does TransUnion support government agencies?

TransUnion's solutions help government agencies identify financial strains among constituents and provide differentiated support, improving access to critical programs and services.

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TransUnion

NYSE:TRU

TRU Rankings

#575 Ranked by Market Cap
#2043 Ranked by Dividends

TRU Stock Data

18.62B
194.35M
0.24%
104.59%
2.19%
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