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DOJ announces major new initiative targeting redlining; DOJ/CFPB/OCC settle redlining lawsuit against Mississippi-based national bank

CFPB Monitor

Although he noted that algorithms can often help eliminate bias, “black-box underwriting decisions are not necessarily creating a more level playing field and may be exacerbating the bias feeding into them,” and that “the speed at which banks and lenders are turning lending and marketing decisions over to these algorithms is concerning to me.”.

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China’s Baidu Knocks Google To Third In Global Home Assistant Sales

PYMNTS

Google urgently requires a revamped non-display smart speaker portfolio to rekindle consumer interest as well as a robust marketing strategy to build its Nest branding outside of the U.S.”. Baidu’s growth was attributed to its go-to-market campaigns and its smart displays, which accounted for 45 percent of the products it shipped.

Google 108
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VCs Back Autobooks For SMB Banking

PYMNTS

“We are really pleased to have such a strong group of local and national investors, including VC funds and a strategic partner,” Robert said. The company did not indicate when these pilot programs would advance into more large-scale launches.

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The Mixed State Of The U.S. Convenience Store

PYMNTS

The latest set of industry figures is out from the National Association of Convenience Stores ( NACS ), and the report paints a mixed portrait of the status of quick stop shops in the U.S. Well the picture is, as usual, a bit more complicated as not all of the indicator lights are glowing a positive green.

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Abercrombie & Fitch To Shutter Another 60 Stores

PYMNTS

The company has also changed its marketing strategy, reducing its advertising and number of promoted items that don’t have fancy logos. “We Many important national retailers are closing … where there hasn’t been fanfare, and it hasn’t been as obvious,” Sullivan said. “A

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Growth Loops – The New Way To Grow Bank Product Sales

South State Correspondent

Because everyone has the mindset of the funnel, neither department takes much time to understand the customer, the intent, the metrics (like profitability over revenue), or the interactive role between product and marketing strategy. Funnels Create Tactical Confusion. The K-Factor – Compounded Growth.

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Loyalzoo Raises Funding For US Expansion

PYMNTS

digital loyalty service for SME retailers and eateries, is raising £500,000 in funding to support ongoing growth and establishing operations in the U.S. In a press release , Loyalzoo said it will use the investment to focus on executing its go-to-market strategy and pipeline, growing U.S. to work alongside the U.K.-based

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