From a $199 grill that outcooks $1,000 grills to one of the best-designed products, let alone grills, money can buy, these are the 11 best gas grills money can buy.
CHICAGO, May 26, 2020 -- TransUnion (NYSE: TRU) today announced that Todd Cello, CFO, will present at the Baird Global Consumer, Technology and Services Conference on Tuesday,.
Today, individuals representing a class of millions of student loan borrowers sued five of the nation's largest financial companies for illegally damaging borrowers' credit and mishandling CARES Act pandemic relief. This lawsuit, Sass et al. v. Great Lakes et. al., was filed against Great Lakes Education Loan Services Inc., a subsidiary of student loan company Nelnet Corporation (NYSE: NNI), along with national consumer reporting agencies Equifax (NYSE: EFX), TransUnion (NYSE: TRU), Experian (LON: EXPN), and the consumer reporting agencies' jointly owned subsidiary Vantage Score Solutions, LLC. The plaintiffs are represented by Towards Justice, a non-profit economic justice law firm, and Berger Montague, with support from the Student Borrower Protection Center.
To create better experiences for both brands and consumers, Horizon Media has partnered with TransUnion (TRU) to expand its identity capabilities. The partnership will empower more personalized marketing execution in support of people-based marketing and client advertising initiatives. The partnership uses TransUnion’s validated identity and robust audience attribute data sets to help build Horizon’s identity spine from the ground up, creating a common ID layer to power marketing decisions across all touchpoints.
BCC earnings call for the period ending March 31, 2020.
Non-mortgage delinquency in Canada forecast to increase to 6.9% by end of Q3 2020. Canadian consumers were already feeling debt pressure coming into the crisis, with non-mortgage delinquency rates up 39 bps at end of March from previous quarter to 5.75% - marking highest observed level since 2015. TORONTO, May 21, 2020 (GLOBE NEWSWIRE) -- As the COVID-19 pandemic continues to bring unprecedented pressures on consumers’ ability to repay their debt obligations, TransUnion (TRU) today released a new multi-scenario credit forecast.
TransUnion (TRU) today announced that Todd Cello, CFO, will present at the RBC Capital Markets Global Consumer and Retail Virtual Conference on Wednesday, May 27, 2020. The presentation is scheduled to begin at 8:20 a.m. CST (9:20 a.m. EST). A live webcast of the presentation will be made available at the TransUnion Investor Relations website at http://www.transunion.com/tru.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
(Bloomberg) -- A large number of Americans who asked to postpone their loan payments during the pandemic ended up paying anyway, adding to a growing body of data that suggests households are steeling themselves for tougher times ahead.Some 46% of the 4.25 million homeowners who had mortgages in forbearance at the end of April made full payments that month, according to Black Knight Inc. data released Friday, a figure that doesn’t include partial payments. About 21% of homeowners in forbearance had made their May payments in full as of earlier this week, a number that could grow over the next several days before those borrowers are officially late on their mortgage.There’s no doubt that tens of millions of households are in dire financial shape after the deadly coronavirus prompted U.S. states to temporarily shut down commerce, resulting in much of the financial industry bracing itself for an expected surge in defaults later this year. But recent reports from financial companies indicate that at least some borrowers requested payment deferrals as a precaution, even if their income didn’t fall.“We’re hearing that actually across the industry,” said Matt Komos, vice president of research and consulting at credit bureau TransUnion. Borrowers of all types, including those with spotty credit considered subprime, have been paying down their loan balances while in forbearance plans, he said.“If the consumer is uncertain about the future, they may be looking to protect themselves a bit. Consumers are trying to stay on top of this,” Komos said.TransUnion data, which is culled from Americans’ credit histories, show that credit-card holders last month made payments far above monthly minimums that on average reduced their debt loads by almost 4% compared to March.Unexpected StrengthAt Bank of America Corp., roughly a third of people who asked to delay their credit-card bills ended up paying, Chief Executive Officer Brian Moynihan said Tuesday in a Bloomberg Television interview. Those borrowers actually had higher balances in their bank accounts, Moynihan said, a phenomenon he credited to stimulus payments from the federal government and actions taken by the Federal Reserve.Checks from the government “have worked to offset the unfortunate aspects of very high unemployment -- and so far, you’re not seeing delinquencies and things rise,” Moynihan said.“We expect to see charge-offs coming later on, as this thing goes on, but the reality is right now you’re not seeing the type of credit damage that you’d expect to see with this amount of downdraft in activity,” he added.Fewer households were late in April on their cards, car loans, home mortgages and personal loans than in March, TransUnion data show.In the unsecured personal loan market, one of the fastest-growing types of household debt, Americans on average made much larger payments in April than in March when compared to their monthly minimums.Komos cautioned that Americans’ unexpected payments could be temporary, and Moynihan said his bank still expects more loans to sour later this year. It’s also possible that households that made payments last month could quickly stop as joblessness continues to climb.Stimulus PlansAbout a third of Americans who report being financially affected by the pandemic plan to use federal stimulus checks or personal savings to pay their bills or make loan payments, more than double the share of consumers who said they didn’t know how they’d pay or would use payment holidays, according to a TransUnion survey earlier this month.Financially affected consumers said they have close to seven weeks until they won’t be able to pay their bills and loans, the survey shows.Lenders have been debating what kinds of steps to take when borrowers facing hardship run out of time. While considering who gets extensions on when payments are due, some banks plan to scrutinize borrowers and their accounts to determine who has the ability to pay. At least some banks plan to push borrowers to resume making payments, or at least accrue interest if they remain in forbearance.A $150 Billion Pile of Frozen Loans Starts to Worry U.S. BanksGovernment policy will largely dictate how much additional time borrowers have to make their mortgage payments. Most home loans are backed by the federal government, and so far officials in Washington have tried to give borrowers flexibility to meet their obligations.But even many borrowers who are postponing their payments on government-backed mortgages are still making payments. At Ocwen Financial Corp., 41% of these homeowners made their payments, Chief Executive Officer Glen Messina said on the mortgage company’s earnings call earlier this month.“The question is what happens next,” Moynihan at Bank of America said. “And that’s what we’re all watching.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Walmart will add used clothing, as well as a number of new brands, to its online clothing lineup through a partnership with ThredUp.
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How an Ohio couples' dinner conversation led to a $400 million federal contract to decontaminate millions of N95 masks.
As the world navigates the impacts of the COVID-19 pandemic, ongoing research from TransUnion Healthcare (TRU) indicates hospital visit volumes further declined 33-62% between the weeks of March 1-7 and April 12-18. The analysis highlights that hospital visits may have reached their lowest levels and recent trends also suggest early signs of improvement as states begin to re-open and allow hospitals to resume elective procedures. The updated analysis of 500+ hospitals across the United States also found the trend is more encouraging when looking at outpatient hospital visits.
Palmetto Bluff, the residential resort in Bluffton, South Carolina, is paradise for anyone who loves outdoor pursuits with a touch of sophistication. The 20,000-acre development is a private escape where every kind of adventure can be had from hunting and fis…
A new TransUnion (TRU) report found that serious delinquency rates were mostly stable between April 2019 and April 2020 and all delinquencies have dropped between March and April 2020. To gain greater insight into the payment behaviors of consumers during the first two months of the COVID-19 pandemic, TransUnion (TRU) supplemented its quarterly Q1 2020 Industry Insights Report with a newly created Monthly Industry Snapshot Report, highlighting the consumer credit market for the month of April. TransUnion found that the percentage of accounts entering “financial hardship” status has risen dramatically for credit products such as auto loans, credit cards, mortgages and personal loans.
What took place this week in the credit card and payment industries
Sadie Dupuis from Speedy Ortiz and Sad13 is joining artists across the country in pushing for an extension of unemployment benefits and funding for the arts.
The VERZUZ series on Instagram — started by Timbaland and Swizz Beatz — has already lent legendary musical matchups including a heavily watched (and friendly) competition between Babyface and Teddy Riley. Now, Riley has taken that momentum and joined Lloyd on…
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Trans Union, LLC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
TransUnion (TRU) today announced the creation of its Global Fraud & Identity Solutions Group, a move focused on uniting all aspects of the company’s fraud risk offerings, and the hiring of industry veteran, Shai Cohen, to lead the group. “For years TransUnion has been a leading force in fraud prevention with a steady stream of high-profile acquisitions, product innovations and industry hires,” said Tim Martin, executive vice president and chief global solutions officer at TransUnion. “We’re excited to bring in a proven leader from some of the world’s most respected cybersecurity and technology companies to unite these efforts and take our fraud prevention solutions to the next level.”
CHICAGO, May 13, 2020 -- TransUnion (NYSE: TRU) today released its quarterly analysis of global online fraud trends, which found that the telecommunications, e-commerce and.
Q1 2020 TransUnion Earnings Call
TRU earnings call for the period ending March 31, 2020.
What took place this week in the credit card and payment industries
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TransUnion (TRU) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Baron Asset Fund recently published its first-quarter commentary – a copy of which can be downloaded here. During the first quarter of 2020, the Baron Asset Fund returned -16.63% (institutional shares). In comparison, the benchmark S&P 500 Index was down 19.60%, while the Russell Midcap Growth Index was down 20.04%. In the said letter, Baron Asset […]
What's in my bag? issue #50
CHICAGO, May 14, 2020 -- TransUnion (NYSE: TRU) today announced that its Board of Directors declared a cash dividend of $0.075 per share for the first quarter 2020. The.
A class-action lawsuit against Great Lakes, Equifax, TransUnion, Experian and VantageScore accuses the companies of illegally damaging borrowers’ credit scores.
The devastating COVID-19 decline in Jamaica’s tourism sector has created supply and demand imbalances and a glut of agricultural produce on the local market. This is being addressed by the Ministry of Agriculture's new "Say Yes to Fresh" Campaign.
TransUnion (TRU) today announced a partnership with Neuro-ID, a next generation provider of real-time behavioral analytics, to help carriers become more agile and drive greater value for their customers. TransUnion will begin introducing Neuro-ID’s Friction Index® Platform and Fraud Solutions to its insurance customers to reduce friction, improve customer experience and detect behavioral fraud and risk. The partnership provides carriers with a powerful new source of behavioral data to advance their digital transformation initiatives.
What does seismic change look like inside of the still-emerging world of Connected TV especially in the free, advertiser-supported segment? I went deep with a few of the executives leading the construction of the CTV infrastructure to gauge the impact of the …
Presumptive Democratic U.S. presidential nominee Joe Biden's campaign on Monday unveiled a broad policy targeted toward helping reduce racial wealth and health gaps among new policies aimed at reaching black voters. As part of the wide-ranging plans, the former vice president pledged to open a new Public Credit Reporting Agency that could compete with Equifax Inc, Experian Plc and TransUnion and, according to the campaign, minimize racial disparities in lending. "Today's credit reports, which are issued by just three large private companies, are rife with problems: they often contain errors, they leave many 'credit invisible' due to the sources used to generate a credit score, and they contribute to racial disparities, widening the African American homeownership gap," Biden's campaign said in a statement.
CDXC earnings call for the period ending March 31, 2020.
As states around the country begin to lift shelter-in-place orders, small business has an enormous sense of urgency to re-open and play their important role in helping some of the 20.5 million newly unemployed consumers get a paycheck.ii That’s why TransUnion (TRU) today announced its plans to support the hiring ecosystem by offering small businesses and their prospective employees free access to certain of its ShareAble for Hires employment screening tool packages, now through the end of July 2020. “Small businesses and those previously employed by them are among the groups facing the greatest financial hardship as a result of the COVID-19 pandemic,” said Steve Chaouki, President of U.S. Markets at TransUnion.
Consecutive better-than-expected top- and bottom-line performances, solid data base and contributions from acquisitions have been benefiting TransUnion (TRU) stock.