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affirm partners with j p morgan and adyen to enhance payment options

Affirm Holdings Inc. has expanded its partnerships with J.P. Morgan Payments and Adyen, enhancing its payment options for U.S. merchants and increasing its market reach. Goldman Sachs maintains a Buy rating with a $56 price target, while BMO Capital Markets projects a recovery path with potential earnings growth by 2027. Despite a 46% year-over-year revenue increase, Affirm remains unprofitable, facing challenges from competition and regulatory risks.

european markets poised for decline as uk gdp shows modest growth

European markets are poised to open lower as investors digest U.S. Federal Reserve Chair Jerome Powell's hawkish remarks and await new U.K. GDP data, which showed a 0.1% growth in Q3, below expectations. The U.K. inflation rate fell to 1.7%, enabling a recent interest rate cut by the Bank of England. Meanwhile, Labour's Finance Minister announced reforms aimed at stimulating growth, with warnings of potential tax increases if progress is not made.

understanding the differences between fico and vantage score credit systems

FICO and VantageScore are the two primary credit scoring systems, akin to "Coke and Pepsi," with distinct calculation methods. VantageScore, created in 2006, considers factors like balance and available credit, while FICO, established over 25 years ago, emphasizes payment history and amounts owed. To improve credit scores, consistently pay bills on time, maintain low balances, and limit credit applications.

cfpb highlights illegal practices by medical debt collectors to protect consumers

The Consumer Financial Protection Bureau (CFPB) has issued guidance highlighting illegal tactics used by medical debt collectors, including double-dipping, misrepresentation of consumer rights, and collection of unsubstantiated debts. With over 100 million Americans facing $220 billion in medical debt, these practices can lead to inflated costs and financial distress. The CFPB aims to protect consumers and has proposed rules to remove medical debts from credit reports, enhancing privacy and credit score outcomes.
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