According to TU's data, the fraud attempt rate decreased by 22.6% globally in the first quarter compared to Q1 last year.
The U.S. personal loan market has surged in the last 5 years to reach more than $138bn; one of the...
Recent news on consumer lending players IEG Holdings Corporation, OneMain Holdings, Lending Club, Ally Financial and TransUnion is outlined in a press release; of interest is IEG's announcement and offer to purchase all outstanding shares of OneMain and Ally's recent agreement to support contracts from Carvana, an online auto retailer that also operates vehicle vending machines; according to the press release, "Ally will make up to $600 million available to Carvana over the next 12 months through financing and bulk purchases of contracts." Source
TransUnion's latest quarterly study found most Americans could be experiencing a 'personal recession' with 54% stating their incomes were not keeping up with inflation.
The fraud landscape is constantly changing and evolving with things like synthetic fraud increasing the costs consumers, businesses and governments are paying; synthetic identities are identities which are not tied to a real person; according to Pat Phelan from TransUnion, fraudulent transactions are currently costing the US $50 billion per year; Phelan talks with PYMNTS.com about some of the factors companies should consider when managing fraud and how businesses are managing fraud prevention programs overall. Source
According to recent data from TransUnion lenders reported that almost 15 million credit cards were in financial hardship programs; this...
According to TransUnion Insights, in Q3 2022 consumers turned to unsecured personal loans and credit cards for breathing room.
Monzo has become the first bank to offers its customers a free credit score service; starting in March the UK...
By the end of 2022, crypto lenders will check customer credit reports through a partnership between Spring Labs and TransUnion.
In their weekly update PeerIQ covers the Trump tax plan, the recent Transunion consumer lending report and marketplace lending securitization news; the Transunion report shows that fintech companies have originated 30 percent of unsecured consumer loans in 2016; Darien Rowayton Bank and SoFi filed securitization deals; PeerIQ also took a closer look at SoFi’s SCLP 2017-6 deal which was the largest on SoFi’s shelf so far. Source.