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The Fintech Times

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Combatting First-Party Fraud: TransUnion Reveals Younger Generations are Committing More Fraud

  • Nineteen per cent of adults would consider providing incorrect details to get a preferential rate on a financial product, reveals TransUnion.
  • Younger age demographics, including Gen Z and Millennials, are more likely to falsify information.
  • TransUnion emphasizes the need for effective data and technology solutions to combat first-party fraud.
  • Consumers are encouraged to explore legal alternatives and improve their credit scores to access better deals.

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