America’s biggest credit repair companies could be forced to give up telemarketing. That’s according to the Consumer Financial Protection Bureau (CFPB), which announced Monday (Aug. 28) that it had reached a proposed $2.7 billion settlement against credit repair brands such as Lexington Law and CreditRepair.com. The settlement follows a court ruling that...
Luxury retailers Neiman Marcus and Saks Fifth Avenue are reportedly in talks to merge. This potential merger comes as Neiman Marcus has been actively seeking a buyer due to a downturn in its business, the New York Post reported Monday (Aug. 28), citing unnamed sources. Neiman Marcus and Saks Fifth Avenue...
Goldman Sachs is selling its personal finance business to investment adviser Creative Planning. The deal, announced Monday (Aug. 28), comes one week after the news that Goldman was considering a sale of its personal finance management (PFM) business in its shift away from retailing banking. According to a news release,...
Walmart’s deal to sell Gordon Ramsay’s frozen food line comes as grocers compete to meet consumers’ demand for more affordable alternatives to restaurant dining. In a move first reported by People, the celebrity chef exclusively launched his line of eight frozen meals, dubbed By Chef...
Finnish eCommerce platform Starcart hopes to expand throughout Europe following a seed funding round. “With this funding, we’ll be scaling up the business internationally and launching in multiple European markets next year,” CEO and founder Pasi Ilola wrote on LinkedIn Monday (Aug. 28) after the company raised $3.7 million. “We’ll...
Onfleet has unveiled its Integrations Marketplace, a hub of Software-as-a-Service (SaaS) integrations designed to enhance efficiency and convenience in last-mile delivery management. The marketplace offers extended functionality and interoperability across the Onfleet platform, providing a one-stop solution for optimizing delivery operations, the last-mile delivery management software company said...
Indian B2B Software-as-a-Service (SaaS) company Clear has reportedly introduced a digital invoice financing tool. The new Invoice to Finance (I2F) platform aims to simplify finance for individuals and businesses to foster financial growth and inclusivity across the nation, CXOtoday reported Monday (Aug. 28). Clear did not immediately reply to...
Nuvei says it wants to help Asia-Pacific (APAC) region traders and investors get paid faster. The Canadian payments company announced Monday (Aug. 28) that it has teamed with Mastercard to allow those traders and investors enjoy “near instantaneous payout capabilities” using Mastercard Send. Send, already offered to Nuvei customers...
Kenyan lender Credit Bank reportedly plans to raise 1 billion shillings (about $6.89 million) through an initial public offering (IPO) on the Nairobi Securities Exchange (NSE). The move would mark the first IPO on the NSE since 2014 when the exchange listed itself, Bloomberg reported Monday (Aug. 28). However, the timing...