Image, for a moment, that the trailer pictured above is filled with debt. It’s a good representation of the average new vehicle purchase. Looking at last month’s stats, you’d have to go back to the safe and comfortable pre-Twitter era to find a January in which fewer people got their hands on a zero percent […]
Transparency journey It has been a concern even earlier that loan pricing is not transparent and transmission to retail borrowers doesn’t happen completely. This also means that when interest rates go up, they don’t come down easily for loans, but deposit rates are sticky at lower levels, so when the rates increase deposits rates don’t […]
Wells Fargo & Co. will simplify the prices it charges small businesses to accept credit- and debit-card transactions as the bank responds to pressure from startups such as Jack Dorsey’s Square Inc. The changes, which are tailored for small businesses that process $100,000 a year or less, eliminate many of the complicated pricing policies that […]
Forbes recently interviewed OnDeck CEO Noah Breslow and–the day before his third quarter earnings call–gave him an opportunity to address many of the criticisms hurled at his company and the short term on-line lending industry. As usual, Noah gave an eloquent defense. At the crux of the debate is how loans should be presented to […]
Pricing News Daily is a digest of top pricing strategy in the news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals, business owners, creative professionals, and independent contractors. This Edition is brought to you by: Asia Pricing Professionals Asia Pricing Professionals (APP) is a not-for-profit community of pricing […]
Wells Fargo, one of the largest subprime car lenders, is pulling back from that roaring market, a move that is being felt throughout the broader auto industry. The giant San Francisco bank, known for its stagecoach logo and its steady profits, has been at the center of the boom in making loans to people with […]
Pricing News Daily is a digest of top pricing strategy in the news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals. This Edition is brought to you by: Strategic Pricing Associates SPA is the leading provider of pricing analytics to 100′s of complex companies of all types: […]
J.P. Morgan Chase & Co. said it is in discussions with the Justice Department as part of a federal probe into whether auto lenders are doing enough to prevent dealers from charging higher interest rates to minorities. The largest U.S. bank by assets said in a securities filing disclosed Tuesday afternoon it is in talks […]
This Week in Pricing > 6/22/19
TWIP is a digest of pricing focused news, thought leadership, events, jobs, training and certification resources for pricing professionals. This Edition is brought to you by: The Perfect Price AI platform makes millions of pricing decisions for forward-thinking companies around the world. Our cloud-based service allows customers to quickly anticipate and react to changes in demand in […]
PND is a digest of pricing focused news, thought leadership, events, jobs, training and certification resources for pricing professionals. This Edition is brought to you by: Perfect Price The Perfect Price AI platform makes millions of pricing decisions for forward-thinking companies around the world. Our cloud-based service allows customers to quickly anticipate and react to changes in […]
MTA And City Move Forward On Congestion Pricing | Gothamist
The MTA and the city’s Department of Transportation (DOT) are moving forward with preparations for implementing congestion pricing. For now, that means issuing a “Memorandum of Understanding” (MOU) on what the next steps are to get the program up and running. This is so both agencies are on the same page when it comes to […]
Harnessing Big Data For Better Pricing Results | Professional Pricing Society
Pricing strategies, like big data, can be key to improving profits in business. According to a study conducted by McKinsey & Company, even a 1 percent price increase can translate into an 8.7 percent boost in operating profits (assuming no loss of volume). However, companies continue to fail to price their products and services appropriately, […]
Alcohol sales in Scotland fall to all-time low in 2018 | HeraldScotland
ALCOHOL sales in Scotland fell to an all-time low in the year that minimum pricing came into force. The latest data, for 2018, reveals that adults in Scotland are now consuming less alcohol than they have since records began in 1994. Teenagers are also less likely than ever to have tried alcohol, with the percentage […]
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