ATLANTA - (02/03/06) Credit bureau Equifax Inc.Reported Thursday net income for its fourth quarter rose 9% to$62.8 million, or 48 cents a share, as the company continued toexpand its business providing credit reports directly toindividuals. Fourth quarter revenues rose 10% to $361.3 million.For the year, Equifax reported a 5% rise in net income to $246.5million, or $186 a share, on a 13% rise in revenues to $1.4billion. Revenues from the companys personal servicesoperations, which provides credit reports directly to consumers,rose 15% for the fourth quarter and by 20% for the year to $114.1million.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
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