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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Kohler Credit Union, Think Bank and Communication Federal Credit Union gave their onboarding and direct deposit tech an upgrade through fintech partnerships.
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To address a budget deficit, the state of Washington has begun taxing credit unions that buy banks. Critics say there's just one problem: The tax will deter any such acquisitions from happening.
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Some distressed companies that tapped the Federal Reserve's Main Street Lending Program say they've been crushed by the agency's hardline stance on modifications.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6





