TransUnion, Chicago, said consumers are increasingly turning to credit to manage their household budgets in the current economic environment, leading to record- or near-record high balances in credit cards and unsecured loans.
Industry Briefs Apr. 7, 2023: HUD Extends AFFH Proposed Rules Comment Period by 2 Weeks
HUD extended the public comment date for its Affirmatively Furthering Fair Housing proposed rule by 14 days, to April 24, per a notice in the Federal Register.
Industry Briefs Mar. 30, 2023: Total Expert Updates on Salesforce AppExchange
Total Expert updated its products on Salesforce AppExchange, providing customers new ways to enhance the ROI of their Salesforce integrations.
Fed Adds 25 Basis Points to Federal Funds Rate
The Federal Open Market on Wednesday raised the federal funds rate by another 25 basis points, a move widely anticipated by analysts and financial markets.
Industry Briefs Feb. 27, 2023: CoreLogic Acquires Roostify
CoreLogic, Irvine, Calif., a global property information, analytics and data-enabled services provider, acquired Roostify, San Francisco, a digital mortgage technology provider.
Inflation Spurs Consumers to Credit Cards, Home Equity
TransUnion, Chicago, said amid rising interest rates and high inflation, the fourth quarter saw consumers continuing to look to credit as a means to help stave off financial pressures.
Industry Briefs Jan. 31, 2023: Revolution Mortgage Partners with Silverwork Solutions
Silverwork Solutions, Chicago, a developer of digital workforce BOTs, announced a partnership with Revolution Mortgage, Columbus, Ohio.
CFPB: Annual Report on Credit Reporting Companies Cites ‘Ongoing Challenges’
The Consumer Financial Protection Bureau on Tuesday issued its annual report on the industry’s three largest credit reporting companies, based on nearly a half-million complaints it received about TransUnion, Equifax and Experian.
Ramp it Up: Fed Hikes Rates by 75bps for 3rd Straight Meeting
The Federal Open Market Committee raised the federal funds rate by another 75 basis points Wednesday to 3-3.25 percent, the third consecutive such increase and the fifth increase since March.
Industry Briefs Aug. 10, 2022: TransUnion Says Serious Delinquencies ‘Normalizing’ to Pre-Pandemic Levels
TransUnion, Chicago, said the first half of 2022 concluded with a normalization in serious delinquency rates to pre-pandemic levels for most credit products as lenders continued to expand access to credit cards and personal loans.