With the combination of increased interest rates, higher spend driving up #credit balances, and recent surges in mortgages and auto loans, consumers find shifting obligations beyond their control, leading to a rise in #delinquencies: transu.co/6011MMhCx #CreditTrends

The Forrester study we commissioned revealed amid rising #fraud, management solutions in place to combat it aren’t always up to the challenge, and are therefore met with low levels of confidence. Learn more: transu.co/6014Mzqnq #DigitalFraud #FraudSolutions #FraudTrends

Despite an overall 37% decline across industries, the #insurance sector experienced a 125% increase in the suspected #digitalfraud attempt rate. Read the full release to learn more: transu.co/6014MnD8o #FraudPrevention #Fraud

#Lenders, we recently reviewed key Q2 #credittrends and explored emerging consumer and market dynamics. Watch the recording to learn how these insights can help inform and refine your current #lendingstrategies: transu.co/6007Mzqnc #CanadianCreditMarket #LendingTrends

A sneak peek at our incredible day at Food for Life Halton in Burlington, August 11th. Thank you to our TU #volunteers who prepared over 500 fresh food bags to be shared out in the community! #TUForGood #FoodForLife #LifeatTU #Volunteering

In Q2 2022, consumer #delinquency on personal loans returned to pre-pandemic levels (up 19 bps YoY), putting pressure on #lenders to be more cautious when providing #credit. Learn more: transu.co/6017Mjyox #CreditMarket #CreditTrends #CanadianCreditMarket #LendingTrends

When comparing Q2 2022 to Q2 2021, the suspected #digitalfraud attempt rate decreased 14% globally. Find out if Canada saw a similar trend: transu.co/6017Mk6L5 #FraudPrevention #Fraud

[ICYMI] Earlier this year we launched our Global #Fraud Trends Report highlighting #digitalfraud threats that affected businesses and consumers in 2021. Download now for steps your company can take to better mitigate #risk and improve #CX: transu.co/6010KhEC4

Our Q2 2022 findings ― mapping #consumercredit health trends ― show an increase in #delinquency rates, resulting in caution when providing #credit. Learn more: transu.co/6012Mexqe #CreditMarket #CreditTrends #CanadianCreditMarket #LendingTrends

Our latest #ConsumerPulse study shows a wavering in consumer confidence as cost-of-living price increases continued to cause concern and influence spending decisions. Our #pressrelease explores the findings: transu.co/6011M9qM3 #CreditTrends

At #TransUnion, we want our associates to feel connected. That’s why we organize social events featuring a variety of fun activities throughout the year. Recently, we brought all our associates together for a fun mini golf outing held at Adventure Village in Hamilton, Ontario!

Did you know in late 2021 and the first four months of 2022, #financialservices #digitalfraud attempts rose 218% in Canada? Watch the recording to learn more, including how #lenders can refine their strategies to better mitigate risk: transu.co/6016MYSFm #LendingTrends

The key to fighting synthetic #identityfraud is stopping it at origination, and that’s where our #TruValidateIdentityExchange solution can assist. Read more in our latest #blog: transu.co/6019MlFg1 #FraudDetection #Fraud #SyntheticFraud #DigitalFraud

#Fraudsters are well versed in creating synthetic identities, resulting in #fraud being misclassified as bad debt and going undetected at Canadian financial organizations. Download our white paper to learn more: transu.co/6013MlFfJ #FraudDetection #SyntheticFraud

Amid other concerns, the rise in #fraud is frequently going undetected because it’s being misclassified as bad debt. This results in organizations unknowingly losing significant sums of money to synthetic #identityfraud: transu.co/6013Ml2GH #FraudDetection #SyntheticFraud

Organizations are struggling to identify and address rising #fraud rates within their legacy #fraudmanagement environments. In turn, fraud is often misclassified as credit loss, creating significant internal challenges. Learn more: transu.co/6010Ml2Tj #SyntheticFraud

With interest rates rising to combat inflation, demand for #credit has dropped, particularly among older generations. Download our #ConsumerPulse report for more insight into the current credit appetite across age brackets: transu.co/6016Ml2RA #CreditTrends #ConsumerCredit

Our Forrester commissioned study projects the overall cost avoidance for a composite organization that improves its #fraud capture rate to potentially exceed $1M in the first year after deploying the solution. Learn more: transu.co/6019Ml2wF #FraudSolutions #SyntheticFraud

#Inflation is top of mind for many Canadians, with more than half (55%) of households saying their incomes weren’t keeping up with rising costs. Download our #ConsumerPulse report to see what else is causing consumers financial concern: transu.co/6012Ml2X0 #CreditTrends

We’re saying goodbye to this channel, but not goodbye to you. Follow us on LinkedIn (transu.co/60102dkg2) to stay connected. Consumers can continue to reach us here: transu.co/60112dkgN #TransUnionCanada #TransUnion