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CFPB and FTC Take Action Against TransUnion Over Rental Background Checks

CFPB and FTC Take Action Against TransUnion Over Rental Background Checks

by Phil Hall | Oct 12, 2023 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) and U.S. Federal Trade Commission (FTC) announced a joint action against a rental screening subsidiary of TransUnion (NYSE:TRU), charging the company with violations of the Fair Credit Reporting Act. In a press...
RentSpree’s New Credit Builder Reports On-Time Rent Payments to Credit History

RentSpree’s New Credit Builder Reports On-Time Rent Payments to Credit History

by Phil Hall | Oct 3, 2023 | Current News & Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

RentSpree, a Los Angeles-based rental management software provider, has introduced Credit Builder, a rent reporting feature designed to enhance renters’ financial health and facilitate their journey toward homeownership. In offering Credit Builder, RentSpree...
Credit Union Mortgage Originations Down 60% in Q3

Credit Union Mortgage Originations Down 60% in Q3

by Phil Hall | Sep 14, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Credit union activity in the mortgage and home equity line of credit (HELOC) markets recorded a decline during the third quarter of this year, according to new data from TransUnion (NYSE:TRU). The balances on credit union-originated mortgages grew more than 4%...
Americans Believe a Recession is Coming, But Are Optimistic About Their Finances

Americans Believe a Recession is Coming, But Are Optimistic About Their Finances

by Phil Hall | Jun 7, 2023 | Current News & Events, Real Estate News, WRE News Exclusive

Canadian wildfire smoke isn’t the only thing in the American air today – the latest TransUnion (NYSE: TRU) Consumer Pulse found a heavy cloud of pessimism about the state of the economy mixed with some buoyant optimism about personal finances. First, the bad news. In...
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