Core Insights - The share of consumers reporting rent payments to credit agencies increased from 11% in 2024 to 13% in 2025, indicating a growing trend in self-reporting among consumers [2][3] - Conversely, the percentage of property managers aware of and participating in rent payment reporting decreased from 48% to 44%, marking the first decline in four years [3] - TransUnion found that 79% of renters experienced an increase in their credit scores when their rent payments were reported [4] Consumer Behavior - A significant 57% of renters indicated they are more likely to rent from property managers who report rent payments to credit agencies [5] - Nearly 80% of renters stated they are more likely to pay on time when their payments are reported [5] Regulatory Developments - The Federal Housing Finance Agency mandated that Fannie Mae and Freddie Mac accept VantageScore 4.0 for mortgage underwriting, allowing rent payment history to be considered in mortgage applications [6][7] - California now requires property managers to report rent payments to credit agencies, while Colorado mandates that property managers offer rent reporting to tenants [6]

Group 1 - The combination of higher interest rates, a housing shortage, and inflationary pressures has worsened over the past two years [1] - Triba Research aims to identify high-quality businesses that can deliver sustainable, double-digit returns in the long term [2] - The investment strategy emphasizes companies with strong competitive advantages, low debt levels, and skilled management teams [2] Group 2 - Triba Research remains focused on long-term value creation while staying informed about market developments [2]

Core Insights - Younger Canadians are increasingly considering switching lenders for better credit support, with a significant number of mortgage holders also exploring refinancing options [1][4][8] Consumer Behavior and Preferences - 41% of mortgage holders have considered switching lenders in the past year, with 38% receiving refinancing offers from other institutions [4] - 62% of younger mortgage holders plan to explore refinancing at renewal time, compared to 52% of those aged 35 and older [4] - 57% of Canadians under 35 would switch financial institutions for better credit monitoring, versus 38% of those aged 35+ [8] Generational and Newcomer Insights - 72% of Canadians aged 35+ feel they have sufficient access to credit, while only 62% of those under 35 agree [5] - 84% of newcomers to Canada consider access to credit important for achieving their goals, compared to 78% of Canadian-born respondents [5] Credit Protection and Identity Security - 95% of surveyed Canadians believe protecting their credit and identity is very important [6][8] - Regular credit monitoring and strong digital security practices are recommended for safeguarding financial goals [6] Gaps in Financial Support - 19% of Canadians feel they lack sufficient access to necessary credit and lending products [7] - Only 47% believe their current bank or lender is helping them achieve financial goals, and just over half trust their lender to improve their credit over time [7] Equifax's Role and Solutions - Equifax offers various solutions to assist Canadians in managing their credit and financial decisions, including consumer education and identity protection services [9] - The company emphasizes the importance of data and analytics in helping consumers and lenders make informed decisions [11]

CHICAGO, Sept. 10, 2025 (GLOBE NEWSWIRE) -- The number of consumers whose rent payments are reported to credit reporting agencies rose to 13% in 2025, up from 11% in 2024, according to a new TransUnion (NYSE: TRU) report. This trend may gain momentum after the announcement of a policy from the Federal Housing Finance Agency (FHFA) that will make it easier for rent payments to help consumers qualify for mortgages. In July 2025, the director of the FHFA issued an order mandating that Fannie Mae and Freddie Ma ...

Group 1 - TransUnion's President and CEO, Chris Cartwright, will present at the Barclays Global Financial Services Conference on September 9, 2025, at 9:30 a.m. CT [1] - A live webcast of the presentation will be available on the TransUnion Investor Relations website, with a replay accessible after the event [1] Group 2 - TransUnion operates globally with over 13,000 associates in more than 30 countries, focusing on providing reliable representation of individuals in the marketplace [2] - The company has expanded its services beyond core credit into marketing, fraud, risk, and advanced analytics through acquisitions and technology investments [2] - TransUnion promotes the concept of "Information for Good®," which aims to create economic opportunities and empower consumers and businesses [2]

Core Points - TransUnion experienced a data breach that compromised the personal and confidential information of approximately 4,461,511 individuals [2][4] - The breach was identified on July 30, 2025, when suspicious activity was detected on a third-party application [2] - Murphy Law Firm is investigating claims and evaluating legal options, including a potential class action lawsuit for affected individuals [1][3][4] Data Breach Details - Cybercriminals accessed sensitive personal information through an inadequately secured application [2] - The exposed information includes names, Social Security numbers, and dates of birth [5] - There is a risk that the compromised information may be sold on the dark web or used for identity theft [4] Legal Actions - Murphy Law Firm is actively seeking individuals affected by the breach to join a class action lawsuit [1][3] - The firm specializes in data breach class actions and has a history of securing favorable recoveries for clients [4]

Core Points - TransUnion LLC experienced a data breach in July 2025, potentially compromising personal information of customers, including names and Social Security numbers [1][2] - Wolf Haldenstein Adler Freeman & Herz LLP is investigating claims on behalf of affected individuals and is notifying them about the breach [1][2] Company Overview - TransUnion is headquartered in Chicago, Illinois, and is a major player in consumer credit reporting [1] - Wolf Haldenstein Adler Freeman & Herz LLP is a national consumer rights law firm with experience in consumer rights litigation across various courts [4]

Hackers accessed the personal information of more than four million TransUnion customers in July, according to a regulatory disclosure from the major credit reporting agency https://t.co/a0nxzog9lP ...

Data Breach - Credit reporting industry faces unauthorized access to a third-party application [1] - Personal information of customers was stored on the compromised application [1]

Core Points - TransUnion has reported a data breach affecting over 4.4 million customers' personal information [1][2] - The breach occurred on July 28 and was attributed to unauthorized access of a third-party application [1] - TransUnion claims that no credit information was accessed, but has not provided evidence to support this assertion [2] - The specific types of personal data stolen have not been disclosed [2] - TransUnion is one of the largest credit reporting agencies in the U.S., storing financial data for over 260 million Americans [3] - The breach follows a series of hacks targeting major U.S. corporations across various industries [3] - Other companies, including Google and Allianz Life, have also reported data breaches related to their Salesforce-hosted cloud databases [4] - The identity of the hackers behind the TransUnion breach remains unclear, and it is unknown if any demands were made [4]