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Here Is a Comparison of 6 Bank Pricing Strategies

South State Correspondent

The cost can include various expenses, such as operational, funding, capital, risk, and taxes. For example, the average business transaction account costs a bank $142 annually to include operational risk. The post Here Is a Comparison of 6 Bank Pricing Strategies appeared first on SouthState Correspondent Division.

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CFPB addresses “pay-to-play” mortgage loan digital comparison-shopping platforms under RESPA

CFPB Monitor

The CFPB recently issued an advisory opinion entitled Real Estate Settlement Procedures Act (Regulation X); Digital Mortgage Comparison-Shopping Platforms and Related Payments to Operators. Continue Reading

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CFPB Press Release and Circular cite “abusive” steering practices in connection with comparison-shopping tools and lead generators

CFPB Monitor

The Circular advised that: “[o]perators of digital comparison-shopping tools can violate the [Consumer Financial Protection Act (CFPA)] prohibition on abusive acts or practices if they distort the shopping experience by steering consumers to certain products or services based on remuneration to the operator;” and “lead generators can violate the prohibition (..)

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Whole Paycheck Tracker: Target, Walmart Comparison Uncovers Different Digital-First Strategies

PYMNTS

By a strict look at the macro numbers, Target still pales in comparison. As online sales surge during the pandemic, the retailer plans to test a new concept at four stores that will “operate as both physical shopping destinations and online fulfillment centers,” the company stated. “In Stores: Walmart, 11,500; Target, 1,868.

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Tiffany Upbeat On Sales, Operating Earnings Amid COVID-19 Comeback

PYMNTS

Tiffany added that operating earnings “increased approximately 25 percent from the comparable 2019 period," and that "globally, eCommerce sales continued to show strong growth, nearly doubling in the two-month period from the comparable period in 2019 and representing 13 percent of total net sales year to date through Sept.

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Klarna Acquires PriceRunner, A Shopping Price Comparison Service, As It Pushes Further Into BNPL

CB Insights

Klarna , a payment solutions provider, has acquired PriceRunner , a shopping price comparison platform, for $124.4M. PriceRunner operates in Sweden, Denmark, Norway, and the UK. The company operates in 17 countries and is supported by a team of over 4,000 employees. Klarna will pay 40% in cash and the remainder in Klarna shares.

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Scalability in Banking and Digital Transformation Example

South State Correspondent

There is a myriad of manual processes that take place everyday in banking driving up unit economics and causing the average bank to operate with a 77+% efficiency ratio. To be competitive in the future, banks need to be operating at an efficiency ratio of below 40%. return on asset figure. This is an example of scalability in banking.

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