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A service for finance industry professionals · Sunday, December 15, 2024 · 769,161,484 Articles · 3+ Million Readers
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Consumer Finance News Monitoring

  • Published on Dec 12, 2024

    US watchdog caps bank overdraft fees over industry objection

    (Reuters) - The U.S. watchdog agency for consumer finance on Thursday adopted new regulations capping the amount banks can charge for overdrafts, saying the rule would save depositors $5 billion annually. The new regulation, adopted over the banking …

    Source: Yahoo Finance - Label Pending
  • Published on Dec 12, 2024

    Trump's First 100 Days: Banking & Financial Services

    While existing regulations won't be erased overnight, the Trump Administration can quickly rescind informal agency guidance, including advisory opinions, interpretive rules and policy statements, creating opportunities for swift deregulatory action. AT …

    Source: JD Supra - Label Pending
  • Published on Dec 10, 2024

    Kroger $24.6 billion purchase of Albertsons halted by federal judge

    A federal judge on Tuesday temporarily blocked Kroger $24.6 billion acquisition of Albertsons, ruling that the proposed union would lessen competition for grocery shoppers. The preliminary injunctions issued by an Oregon court found in favor of the Federal …

    Source: CBS News - Neutral
  • Published on Dec 11, 2024

    Car finance firms rally as legal appeal is given green light

    Motor finance firms rallied on Wednesday after the Supreme Court agreed to hear an appeal over an October ruling that sent shock waves through the industry amid speculation that car buyers could claim tens of billions in compensation. Britain’s highest …

    Source: The Times - Center-right
  • Published on Dec 11, 2024

    Gen Digital to acquire MoneyLion in $1B deal

    Dive Brief: Tempe, Arizona-based Gen Digital has agreed to acquire New York-based fintech MoneyLion in a cash transaction valued at roughly $1 billion to bolster Gen’s credit and identity protection solutions, the companies announced Tuesday. Gen will pay …

    Source: Banking Dive - Label Pending
  • Published on Dec 11, 2024

    Gen Digital to acquire fintech MoneyLion for $1bn 

    Gen Digital has agreed to acquire the US-based consumer finance-focused fintech firm MoneyLion in a deal valued at approximately $1bn.   This acquisition aims to bolster Gen’s consumer finance offerings, integrating MoneyLion’s digital ecosystem into its …

    Source: Retail Banker International - Label Pending
  • Published on Dec 11, 2024

    Marc Andreessen on Joe Rogan: ‘CFPB…Gets to Run and Do Whatever It Wants’

    For MANY years, I have incessantly pointed out that there is supposed to be no such things as “independent agencies”: “The Constitution stipulates the federal government is a game of three players. And only three players: “The Legislative, Executive and …

    Source: The Heartland Institute - Right-wing
  • Published on Dec 11, 2024

    Apple Pay's EU antitrust compromise spurs rivals

    A Norwegian mobile wallet this week enabled its local users to make payments on iPhones by directly accessing Apple's technology, making it an early mover in the race to take advantage of Apple's acquiescence to European antitrust regulators. The …

    Source: American Banker - New York - Neutral
  • Published on Dec 11, 2024

    UnionBank to dissolve dormant subsidiary

    Keisha Ta-Asan - The Philippine Star December 12, 2024 | 12:00am MANILA, Philippines — Union Bank of the Philippines (UnionBank) has announced that its wholly owned subsidiary, Union Data Corp. (UDC), would be dissolved after receiving regulatory approval …

    Source: Philippine STAR - Uncategorized
  • Published on Dec 11, 2024

    D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) Q3 2024 Earnings Call Transcript

    D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) Q3 2024 Earnings Call Transcript December 10, 2024 Operator: Ladies and gentlemen, thank you for standing by. I am Gailey, your chorus call operator. Welcome, and thank you for joining the …

    Source: Insider Monkey - Neutral
  • Published on Dec 11, 2024

    Regional Banks Vie for Controlling Stake in Indonesia’s Panin Bank

    Free Newsletter Get the hottest Fintech Singapore News once a month in your Inbox Several major Southeast Asian lenders eyeing the controlling stake in Bank Pan Indonesia (Panin Bank). OCBC and CIMB have emerged as key contenders, having already submitted …

    Source: Fintech News - Neutral
  • Published on Dec 11, 2024

    S&U says Budget and motor finance scandal weighing on performance

    Wednesday 11 December 2024 7:43 am  |  Updated:  Wednesday 11 December 2024 7:44 am Share Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp Email Share on Email Moody’s analysts have said the motor fiannce …

    Source: City A.M. - Uncategorized
  • Published on Dec 11, 2024

    CEFC partners with Bank Australia to boost Household Energy Upgrades Fund

    The Clean Energy Finance Corporation (CEFC) has announced a $50 million investment in Bank Australia to support energy performance upgrades in existing homes, accelerating the rollout of the Household Energy Upgrades Fund (HEUF). The funding aims to …

    Source: EcoGeneration - Neutral
  • Published on Dec 9, 2024

    UniCredit will need to pay up for Italy’s BPM

    Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UniCredit was already playing a complex chess game, with its bid for Italy’s Banco BPM and interest in Germany’s Commerzbank. Now …

    Source: The Financial Times - Neutral
  • Published on Dec 10, 2024

    FinVolution (FINV) vs. Qudian (QD): Which Fintech Stock Is More Promising?

    The world is progressing towards contactless payments and e-commerce. This has contributed to the extensive acquisition of fintech apps. They are digital results that modify how one handles money, makes remissions, and acquires financial services. With …

    Source: StockNews - Illinois - Neutral
  • Published on Dec 10, 2024

    Bad debts leads to profit falls for specialist lenders

    Despite the fall in sector profitability, there has also a noticeably more positive tone among specialist lenders this year. File photo Photo: 123RF Profits for non-bank finance groups have taken a tumble for a second consecutive year, driven by higher …

    Source: RNZ - Public Broadcaster
  • Published on Dec 10, 2024

    Avast antivirus owner Gen Digital acquires MoneyLion in $1 billion deal

    (Reuters) - Norton and Avast owner Gen Digital has agreed to buy fintech firm MoneyLion in an all-cash deal valued at about $1 billion to beef up its consumer finance offerings, the companies said on Thursday. Gen Digital will pay $82 for each MoneyLion …

    Source: Yahoo Finance - Label Pending
  • Published on Dec 10, 2024

    South Africa: Peach Payments now accepts RCS cards as payment method

    Peach Payments, the online payment platform, has announced that it now accepts RCS cards as a payment method as part of its partnership with RCS, a South African consumer finance businesses. Says Anine de Kock, head of partnerships at Peach Payments, “For …

    Source: Zawya - Uncategorized
  • Published on Dec 9, 2024

    Still need to buy a Christmas tree? Here's the good news.

    Keeping your Christmas tree happy and healthy this holiday Keeping your Christmas tree happy and healthy this holiday 03:13 If you have yet to buy a Christmas tree this year, take cheer — prices are roughly the same as in 2023.  Growers weren't …

    Source: CBS 62 Detroit - Michigan - Neutral

17 days 20:48:32

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