Household | Jotup

VantageScore® Credit Score Usage Surges 42% to 27 Billion Credit Scores in 2023

Retrieved on:

Wednesday, April 3, 2024

Federal Reserve Bank, CARD, Organization, Growth, FHFA, Consumer debt, SAN, Household, Associate, CRA International, WalletHub, Analysis, VantageScore, STRONG, BANKS, Government, Bank

SAN FRANCISCO, April 3, 2024 /PRNewswire/ -- VantageScore today announced that overall usage of its credit scores increased by 42% in 2023 to a record volume of over 27 billion credit scores. This growth is reflected by increased usage by financial institutions and organizations including banks, credit card lenders, fintechs, consumer websites and government entities, among others. More than 3,400 unique banks, lenders and other institutions used VantageScore in 2023, including eight of the top 10 banks. This is according to the results of the 2024 VantageScore® Market Study Report ("Market Study Report"), a comprehensive, independent third-party analysis conducted by Charles River Associates.

Key Points:

SAN FRANCISCO, April 3, 2024 /PRNewswire/ -- VantageScore today announced that overall usage of its credit scores increased by 42% in 2023 to a record volume of over 27 billion credit scores.
Overall, usage by financial institutions grew by 46% year over year to nearly 13 billion consumer credit scores in 2023 compared to approximately 9 billion in 2022.
Usage among non-financial institutions grew by 39% overall to just over 14 billion scores in 2023 compared to 10 billion in 2022.
Overall, the non-financial category grew by 39% from 10.2 billion credit scores to 14.2 billion credit scores.

U.S. Joint Industry Committee Grants Certification Ahead of 2025 Upfronts, Provides Transparency on Transactional Readiness of Cross-Platform Solutions

Retrieved on:

Wednesday, April 3, 2024

Completeness, Certification, Comscore, Partnership, SVP, Paramount Global, Worker standards board, JIC, Education minister, Data collection, ACM, Advertising, Household, Human, Cryptocurrency

NEW YORK, April 3, 2024 /PRNewswire/ -- The U.S. Joint Industry Committee (JIC) today announced that following a rigorous data evaluation as part of the final stage of its certification analysis, Comscore and VideoAmp have been certified for transactability as national currencies. This news marks a significant milestone as, in just one year's time, media buyers and sellers came together following the formation of the U.S. JIC to author baseline requirements for new cross-platform solutions and further embolden a new foundation for transactability by architecting and conducting a thorough analysis of new currencies via its inaugural Currency Certification – all at a pace being dictated by the ever-changing behaviors of today's modern consumer.

Key Points:

iSpot will maintain its conditional certification with a final decision expected to be made in the next certification window scheduled for June 2024.
To give transparency to the industry on its certification results and point-of-view on the state of new currencies in 2024, JIC members have collaborated to publish " Guidelines for Transactability of National Cross-Platform Solutions" .
The evaluation encompassed each solution's ability to support both historical metrics as well as the production of new cross-platform metrics.
All tests followed a standardized format, with the basis of analysis spanning Transparency, Completeness, Methodology Checks and Stability of Data.

America's Egg Farmers Donate 64,000 Eggs to Capital Area Food Bank

Retrieved on:

Friday, March 29, 2024

Farmer, Capital Area Food Bank, Partnership, White, Food, Refrigeration, American Egg Board, Meal, Mineral, Diet, Household, Egg as food, Poultry farming

WASHINGTON, March 29, 2024 /PRNewswire/ -- American Egg Board, in partnership with Puglisi Egg Farms and HATCH for Hunger, on behalf of America's egg farmers, today donated 64,000 eggs and two large, refrigerated coolers to Capital Area Food Bank in Washington D.C. Tom Perez, senior advisor to the President and director of the office of intergovernmental affairs at the White House, participated in the donation event.

Key Points:

We're proud to provide high-quality, nourishing eggs to food banks in our communities including the Capital Area Food Bank."
This is the second consecutive year that America's egg farmers have donated thousands of meals worth of eggs to the Capital Area Food Bank and local D.C. community, a tradition they hope to continue.
Along with the 64,000 eggs donated today, Capital Area Food Bank also received two large, refrigerated coolers from HATCH for Hunger in partnership with America's egg farmers to help store perishable donations.
For more information on Capital Area Food Bank and to learn how to donate, visit CapitalAreaFoodBank.org .

Philip R. Lane: The economic outlook and monetary policy

Retrieved on:

Wednesday, April 3, 2024

Key Points:

Consumer participation in the credit market during the COVID-19 pandemic and beyond

Retrieved on:

Tuesday, April 2, 2024

Tax, BLS, Face, La Cava, Liquidity, Journal of Economic Perspectives, Special, MRO, Recovery, Next Generation, Child, Interview, Transport, Attanasio, Consumer behaviour, DFR, Research Papers in Economics, Post-Keynesian economics, Gross domestic product, .177 caliber, Great Moderation, European Commission, Vaccine, Employment, Loan, PDF, Hall, House, ECB, Unemployment, Risk, Shock, Education, Rutgers University Press, Quarterly Journal, Policy, Real estate economics, EU Council, Woman, HHS, World Health Organization, Section 4, Clutch (eggs), MIT Press, Omicron, De Nederlandsche Bank, Social science, Federal Reserve Bank, Modigliani, EDS, JEL, Christian Social Union (UK), Female, Section 3, COVID-19, The Journal of Finance, Journal, Classification, News, Journal of Monetary Economics, Oxford Economic Papers, Death, Insurance, Journal of Economics, FRB, FED, Credit, HFCS, Economy, Deficit reduction, Vaccination, Princeton University Press, Literature, CES, Application, University of Oxford, Paper, R.E, Quarterly Journal of Economics, Section 2, European Central Bank, Civil service commission, C23, COVID, Conference, European Council, Central bank, Lifting, HH, Political economy, Consumer confidence index, European Parliament, MIT, RRF, Monetary economics, Household, Perception, Section 5, Bank, Structure, Reproduction, Website, HICP, Aimé Dossche, Working paper, Housing, Cambridge, Massachusetts, Heart, Fabbri, American Economic Review, Partner, Data, Collection, Probability, Government, Real estate

We find that credit demand is highest when

Key Points:

We find that credit demand is highest when
the first lockdown ends and it drops when supportive monetary compensation schemes are implemented.
Credit is more likely to be
accepted under favourable borrowing conditions and after the approval of national recovery plans.
We also find
that demographic, economic factors, perceptions and expectations are associated with the demand for credit and
the credit grant.
First, it adds to a rapidly growing literature on household
borrowing behaviour during the COVID-19 pandemic; see, for example, Ho et al.
We provide evidence that credit applications and credit acceptances display a different pattern over
time.
Credit is more likely to be accepted under favourable borrowing conditions and after the
approval of national recovery plans.
In almost all countries
households are significantly less likely to apply and to get their credit approved than in Germany.
In line with literature, we show that
demographic and economic factors affect the probability for credit applications and credit approval.
In addition,
the paper shows that consumer perceptions and expectations matter when they decide to apply for credit.
Introduction
The participation of households in the credit market receives wide attention in the consumer finance literature
because consumer credit enters the monetary policy transmission mechanism through the so-called ?credit
channel?: changes in credit demand and supply have an effect on consumers' spending and investment, which in
turn affect economic growth.
We use microdata from the ECB?s Consumer Expectations Survey (hereinafter CES), a survey that
measures consumer expectations and behaviour in the euro area.
Its panel dimension allows for an assessment of
how consumer behaviour changes over time and how consumers respond to critical economic shocks.
This way we can gauge how credit applications and credit acceptances change under different, almost
opposite, borrowing conditions.
We also distinguish between the demand for long-term secured loans (mortgages) and for short-term
uncollateralized loans (consumer loans).
ECB Working Paper Series No 2922
3

We use probit models to estimate the probability of the consumer to apply for credit and the credit being granted.
The rate peaks in 2020Q3 which reflects the rebound in the demand for loans when the first lockdown ended.
In almost all countries households are significantly less likely
to apply and to get their credit approved than in Germany.
However,
when it comes to credit acceptance, we observe that the two groups of households are more similar.
Finally, we find some heterogeneity with respect to the type of credit, particularly between secured and unsecured
debt.
The demand for
consumer credit is insignificant for liquid households and decreases significantly for constrained households in
the last two quarters of our timespan.
The first consists of a recently growing literature which
explores consumer behaviour in the credit market during the COVID-19 pandemic, mostly in the United States.
Sandler and Ricks (2020) show that consumers did not use credit card debt for financial liquidity in the early stage
of the COVID-19 pandemic.
(2020) report that credit card applications and new mortgage loans
declined during the first months of the pandemic in regions with more unemployment insurance claims.
Lu and
Van der Klaauw (2021) show that there was a sharp drop in consumer credit demand, especially for credit cards.
(2022) document that there was a substantial decrease in the usage of credit cards and home equity lines
of credit by Canadian consumers.
Our paper is also consonant with studies on the association between financial and demographic factors and
consumers? participation in the credit market as well as on the demand for specific types of credit.
January 2020 ? October 2020 - The two main events are the outbreak of the COVID-19 pandemic and the
consequential lockdowns in the euro area.
4 If the
respondent has applied for more than one type of credit, she is asked to refer to the most recent credit application.
Between 2021Q3 and 2022Q3 the acceptance
rate stays above the average values, mirroring the easing of credit standards for consumer credit and other lending
to households during this period.
Second, we can investigate the presence of nonlinearities in how liquidity and the credit type interact in explaining credit applications.
(2023) ? who show that in the United States the local pandemic severity had a strong
negative effect on credit card spending early in the pandemic, which diminished over time.
First, we select mortgages and consumer credit as the two mostly reported categories for secured and
13

The full estimation results are reported in Table 3.
The right-hand side panel of Figure 6 shows that the demand for consumer credit is insignificant for both liquid
and illiquid households.
It also shows that
subjective perceptions of credit access, financial concerns and expectations on interest rates matter for the demand
for credit.
In Bertola, G., Disney
R., and Grant, C. (eds) The Economics of Consumer Credit, Cambridge MA, MIT Press.
Horvath, A., Kay, B. and Wix, C. (2023) The COVID-19 shock and consumer credit: Evidence from credit card
data.
Magri, S. (2007) Italian households? debt: The participation to the debt market and the size of the loan.

EQS-News: Leifheit Aktiengesellschaft: Preliminary figures for financial year 2023, outlook for 2024

Retrieved on:

Wednesday, March 13, 2024

Private label, Marketing, Household, Growth, Annual report, Leifheit, EUR, Tax, Houthi movement, Bank statement, Face

Leifheit Aktiengesellschaft: Preliminary figures for financial year 2023, outlook for 2024

Key Points:

Leifheit Aktiengesellschaft: Preliminary figures for financial year 2023, outlook for 2024
The issuer is solely responsible for the content of this announcement.
Despite challenging market conditions, the Leifheit Group generated turnover of EUR 258.3 million in 2023 (2022: EUR 251.5 million) according to preliminary calculations.
In Central Europe, the Leifheit Group increased turnover by 2.9% to EUR 114.4 million in 2023 (2022: EUR 111.2 million).
The Leifheit Group continues to face challenging conditions in the financial year 2024.

Perdue Farms Joins Forces with Feeding America® to Help Fill the Leap Day Food Gap, Donating 2.75 Million Servings of Chicken to Communities Across the U.S.

Retrieved on:

Wednesday, February 28, 2024

Feeding America, Household, Work, Food, LEAP, Leap Day, Perdue Farms, Hunger, History, Farm, Meal, USDA, Leap year, Partnership

To do this, the company will deliver over 70 tractor trailer loads of its No Antibiotics Ever chicken across the U.S., providing 3.3 million pounds of chicken, or roughly 2.75 million servings.

Key Points:

To do this, the company will deliver over 70 tractor trailer loads of its No Antibiotics Ever chicken across the U.S., providing 3.3 million pounds of chicken, or roughly 2.75 million servings.
“Perdue Farms remains unwavering in our mission to help nourish communities experiencing food insecurity,” said Kevin McAdams, CEO of Perdue Farms.
Perdue and Feeding America hope their actions will inspire other companies and individuals to make donations to their local food banks this Leap Day.
Households in 2022
3: 2021 Feeding America study of supply and demand for agri food products sourced by the Feeding America network.

Viant Technology Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on:

Monday, March 4, 2024

“We were pleased with our fourth quarter results, again achieving our revenue and contribution ex-TAC guidance, while meaningfully outperforming our adjusted EBITDA targets,” said Larry Madden, CFO, Viant.

Key Points:

“We were pleased with our fourth quarter results, again achieving our revenue and contribution ex-TAC guidance, while meaningfully outperforming our adjusted EBITDA targets,” said Larry Madden, CFO, Viant.
We expect the variability of the above charges could have a significant and potentially unpredictable impact on our future GAAP financial results.
Supplemental Financial and Other Information:
Supplemental financial and other information can be accessed through Viant’s investor relations website at investors.viantinc.com.
Investors and potential investors are encouraged to consult Viant Technology’s website and LinkedIn account and Mr. Vanderhook’s LinkedIn account regularly for important information.

Global Self Tanning Products Market Trends Report 2024 with Forecasts to 2029: Rising Popularity of Organic, Natural, and Vegan-based Products and Increasing Focus on Men's Self-tanning Products - ResearchAndMarkets.com

Retrieved on:

Wednesday, February 28, 2024

As an alternative to traditional tanning methods, self-tanning products have gained popularity for providing a convenient and safer way to achieve a bronzed complexion.

Key Points:

As an alternative to traditional tanning methods, self-tanning products have gained popularity for providing a convenient and safer way to achieve a bronzed complexion.
The report provides the bifurcation of the market into three segments based on the product type: Lotions, Gels, and Others.
The report provides the glimpse of the self tanning products market based on the following category: Conventional and Natural & Organic.
The global self tanning products market is fragmented, with a diverse range of products offered by numerous brands catering to different consumer preferences, skin types, and desired outcomes.

Oh Canada! How Cornerstone Building Brands is Championing Product Innovation North of the Border

Retrieved on:

Tuesday, February 27, 2024

Recent strides in product development are not only positioning Cornerstone Building Brands’ Canadian Business Unit as a frontrunner in the building materials sector — they are also contributing to a paradigm shift in architectural solutions across North America.

Key Points:

Recent strides in product development are not only positioning Cornerstone Building Brands’ Canadian Business Unit as a frontrunner in the building materials sector — they are also contributing to a paradigm shift in architectural solutions across North America.
View the full release here: https://www.businesswire.com/news/home/20240227318034/en/
Cornerstone Building Brands introduces new product innovations and incorporates market-leading trends in form, structure and colour in the exterior building materials sector to deliver better-performing and more sustainable products to customers in Canada.
“We’ve used materials science research to develop better performing and more sustainable products, and we’ve introduced pioneering designs by partnering with industry influencers.
Cornerstone Building Brands is built for what’s next.