As the U.S. Department of Education begins resuming collections activities among defaulted borrowers, new research reveals that the number of consumers at risk for default has soared past pre-pandemic levels. These findings come from a new analysis conducted by TransUnion (NYSE: TRU) and featured at the company’s 2025 Financial Services Summit...| As Federal Collections Activity Resumes, More Than One in Five Federal Studen...
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).Followi...| Growth in Originations Expected Across Multiple Credit Products in 2025
The three nationwide credit reporting agencies (NCRAs) – Equifax (NYSE: EFX), Experian (LON: EXPN), and TransUnion (NYSE: TRU) – today announced significant changes to medical collection debt reporting to support consumers faced with unexpected medical bills. These joint measures will remove nearly 70% of medical collection debt tradelines f...| Equifax, Experian, and TransUnion Support U.S. Consumers With Changes to Medi...
High interest rates and higher-than-expected costs for goods and services continue to squeeze the wallets of American consumers. This has led to many continuing to leverage their existing credit account lines more than ever. At the same time, affordability challenges for homes and automobiles, as well as growing concerns over rising debt service...| Credit Balances on the Rise as Consumers Manage Higher Costs
The continuous growth of e-commerce could be behind a surge in shipping fraud, which is now the fastest growing type of digital fraud worldwide, according to TransUnion’s (NYSE: TRU) 2022 Global Digital Fraud Trends Report. TransUnion observed an influx in shipping fraud in 2021, resulting in a 780.5% year-over-year (YoY) global increase. When...| Shipping Fraud Increased Nearly 800% Worldwide in the Past Year
