August 23, 2023
FedNow Is Live but Banks Face Integration Decisions
For banks eyeing what they must do to get on board the FedNow Service to meet customers’ expectations for faster payments and integrate with the first new payments rails in the United...
August 22, 2023
CFPB Targets Heights Finance for Alleged Illegal Loan Churning
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Heights Finance Holding, formerly known as Southern Management, and several of its subsidiaries, charging they have engaged in illegal loan-churning practices. The...
August 22, 2023
Thailand’s KBank Weighs $1 Billion Acquisition of Home Credit Vietnam
Thai bank Kasikornbank is reportedly in talks to purchase consumer finance company Home Credit Vietnam. That’s according to a report by Reuters, citing two sources who say the potentially $1 billion deal could...
August 21, 2023
Report: Northeast and West Coast Lose Investment Firms that Manage...
Investment companies are reportedly moving to states with a lower cost of living. More than 370 U.S. firms — equal to about 2.5% of the country’s total — moved their...
August 18, 2023
Ross Stores Taps Into Rising Consumer Desire for Budget-Friendly Nonessentials
As inflation exerts its influence on consumer purchasing decisions, off-price retailers are benefiting. Among the off-price retailers, TJX Companies has recently reported benefiting from the patronage of Gen Z consumers,...
August 17, 2023
CFPB Penalizes Freedom Mortgage for Incentives to Real Estate Brokers
The Consumer Financial Protection Bureau (CFPB) has taken action against Freedom Mortgage Corp. for engaging in illegal activities related to mortgage loan referrals. The CFPB found that Freedom provided real...
August 17, 2023
Federal Judge Dismisses Antitrust Allegations Against NAR and Zillow
In a landmark ruling, a federal judge on Wednesday dismissed all antitrust allegations from REX Real Estate against both NAR and Zillow. Judge Thomas Zilly of the U.S. District Court...
August 17, 2023
Texting Connections: Companies Drive Conversations Into Conversions, Vibes Says
In today’s economy, retailers are on a perpetual quest to connect with their consumers in more meaningful ways. In this pursuit, the focus has shifted toward leveraging the channels where...
August 16, 2023
Home Depot: Consumers May Not Be Spending Big, but They’re...
Rising interest rates mean increased borrowing costs. For potential homebuyers, this translates to decreased purchasing power, effectively putting the brakes on their homeownership aspirations. The result? A growing cohort of...
