COSTA MESA, Calif. - (05/09/05) -- Credit bureau Experian said lastweek it has acquired LowerMyBills.com, an online service that helpsindividuals lower their expenses by, among other things, matchingusers with the names of credit card issuers that offer the lowestrates. Under the deal, Experian paid $330 million and it agreed topay an additional $50 million over the next two years ifLowerMyBills' performance meets Experian's internal expectations.LowerMyBills will be combined with Experian Interactive's otherbusinesses, including Experian Consumer Direct, which providescredit reports directly to consumers; MetaReward, which acquiresconsumers for advertisers, and Affiliate Fuel, an Internetmarketing company. LowerMyBills has relationships with more than400-service providers across 17-service categories, includingmortgage lenders, automobile and health insurancecompanies.
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At a time of mild or nonexistent loan growth, middle-market borrowers in the Lone Star State are providing a boost to Fifth Third Bancorp and Huntington Bancshares.
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Truist Financial's top executive leadership team announces departures; First Horizon's chief credit officer is retiring; Ferry teams with Highnote to roll out a new Visa-branded payroll card; and more in the weekly banking news roundup.
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The Dallas-based regional bank tapped a client for its co-pilot capabilities, where employees can message a bot instead of a human to get tech assistance.
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