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 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.
TransUnion released a study indicating significant consumer engagement in financial hardship programs during the COVID-19 pandemic, with around 7% of credit product accounts enrolled. Notably, 70% of non-prime and 80% of prime consumers continued payment during hardship. The report also highlights a drop in hardship accounts from May 2020 to May 2021, showcasing improved financial stability. Early exiters from these programs exhibited lower risk profiles, with roughly 80% remaining out of hardship after nine months, suggesting effective utilization of these programs.
TransUnion’s Consumer Pulse study reveals a decline in the percentage of U.S. consumers reporting negative financial impacts from COVID-19, now at 32%, down from 38%. Conducted with over 3,000 respondents, the survey indicates that 83% of recent graduates are optimistic about their future—significantly higher than the 64% overall. Furthermore, 54% of these graduates are more open to using credit post-pandemic. Vaccination status correlates with optimism, as 67% of fully vaccinated individuals express positive outlooks. The study highlights that young generations may lead economic recovery through increased spending.
TransUnion has released a study indicating a significant rise in Account Takeover (ATO) fraud within government services, as citizens increasingly interact online. The Public Sector Fraud Study, in collaboration with the Ponemon Institute, surveyed nearly 600 officials, revealing that 53% noted ATO incidents increased over the past two years. Despite this threat, only 41% prioritize prevention measures. Mobile devices are identified as primary fraud vectors, with 57% of government website visits coming from mobile users. The report advocates for greater investment in AI and identity verification to enhance security.
TransUnion reports a significant rise in digital fraud attempts in the financial services sector. Between September 2020 and May 2021, suspected fraud attempts globally surged by 149% in financial services and 109% in the U.S. Overall, digital fraud attempts increased by 24% globally during the same period. The research highlights the urgency for financial institutions to enhance fraud prevention measures as digital transactions grow, particularly post-COVID-19. True identity theft remains the most prevalent type of fraud in financial services.
TransUnion (NYSE: TRU) announced that CFO Todd Cello and Chief Global Solutions Officer Tim Martin will present at the Baird Global Consumer, Technology and Services Conference on June 9, 2021, starting at 11:50 a.m. CST. A live webcast will be available on the TransUnion Investor Relations website, with a replay posted afterward. TransUnion is a global information company that provides insights for secure transactions in the marketplace, emphasizing trust and empowerment across more than 30 countries.
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