Experian is providing debt relief and financial education, products and services to more than 5,000 Hispanics nationwide.

The initiative is a response to findings that high numbers of Hispanics lack access to bank accounts and credit and that they report feeling the least financial security compared to other populations, the global data and technology company said in a Monday (Oct. 14) press release.

“Our research has revealed that some factors impacting Hispanics’ financial health are barriers to accessing credit, lack of credit history or limited financial education,” Jeff Softley, group president of Experian Consumer Services, said in the release. “We hope this initiative will help these families have a better chance at financial security and spread the word in the community that there are free resources from Experian available that they can utilize to reach their financial goals.”

As part of its initiative, Experian is relieving $10 million of consumer debt for more than 5,000 Hispanics, according to the release. The company is working with ForgiveCo to administer the acquisition and cancellation of qualifying consumer debt for the selected beneficiaries.

Experian is also providing the recipients with a free one-year premium Experian membership, the release said. The membership includes access to their Experian credit report in English and Spanish, their FICO score, bilingual educational content, an insurance comparison shopping service, help with canceling subscriptions, and credit card options tailored to their financial profile.

The company will also offer access to Experian Go to those who do not have an Experian credit file established due to having no or limited credit history, per the release. Experian Go is a free program that allows individuals to create an Experian credit report and populate it with payment history for eligible bills, which could generate their first FICO score.

Experian launched Experian Go in January 2022, saying the program aims to help almost 50 million “credit invisibles,” or people with limited or no credit history, start building credit.

The company said at the time that its research showed that there were 28 million credit-invisible consumers and another 21 million who had a limited credit history.

Paris – October 16, 2024 – Olivier Falut has been appointed EUROAPI’s Chief Financial Officer, effective October 17, 2024, and will be a member of the Executive Committee. He is taking over from Evelyne Nguyen, who will remain within the company until the end of October to ensure a smooth transition.

“I am delighted to welcome Olivier, a seasoned Chief Financial Officer with extensive experience in the industrial sector. He will play a decisive role in implementing our FOCUS-27 transformation project,” said Ludwig de Mot, EUROAPI Chief Executive Officer. “The entire company and the Board of Directors join me in expressing our sincere gratitude to Evelyne for succeeding in her mission to ensure the financing of our strategic plan.”

Olivier Falut joins EUROAPI with close to 30 years of experience in management and finance in the industrial sector. Throughout his career, he held various financial positions in listed and non-listed companies, such as Fareva, Limagrain (including Vilmorin & Cie), Lactalis and Bel.

“I am excited to be joining EUROAPI and to be part of the implementation of the FOCUS-27 transformation plan. This new economic dynamic will enable us to carry out major projects and to ensure the sustainable growth of the organization for the years to come,” Olivier Falut said.

Olivier Falut professional background
Olivier Falut started his career in the financial audit sector, mainly at Ernst & Young in France and then in the United States. In 2001, he joined Bosch France as head of accounting and pursued his career as accounting director at Bel in 2003. In 2008, he joined Oberthur Technologies as CFO for the main business unit before moving to Lactalis (2012-2017) as head of group financial control. Since 2017, he has held CFO positions in various companies including Sodiaal, Segula Technologies, Limagrain and Fareva.

Olivier Falut is a graduate from ESSEC business school and holds master’s degrees in business law. He also graduated from the French bar exam.

About EUROAPI
EUROAPI is focused on reinventing active ingredient solutions to sustainably meet customers’ and patients’ needs around the world. We are a leading player in active pharmaceutical ingredients with approximately 200 products in our portfolio, offering a large span of technologies while developing innovative molecules through our Contract Development and Manufacturing Organization (CDMO) activities.

Taking action for health by enabling access to essential therapies inspires our 3,650 people every day. With strong research and development capabilities and six manufacturing sites, all located in Europe, EUROAPI ensures API manufacturing of the highest quality to supply customers in more than 80 countries. EUROAPI is listed on Euronext Paris; ISIN: FR0014008VX5; ticker: EAPI). Find out more at www.euroapi.com and follow us on LinkedIn.

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Forward-Looking Statements
Certain information contained in this press release is forward looking and not historical data. These forward-looking statements are based on opinions, projections and current assumptions including, but not limited to, assumptions concerning the Group’s current and future strategy, financial and non-financial future results and the environment in which the Group operates, as well as events, operations, future services or product development and potential. Forward-looking statements are generally identified by the words “expects”, “anticipates”, “believes”, “intends”, “estimates”, “plans” and similar expressions. Forward looking statements and information do not constitute guarantees of future performances, and are subject to known or unknown risks, uncertainties and other factors, a large number of which are difficult to predict and generally outside the control of the Group, which could cause actual results, performances or achievements, or the results of the sector or other events, to differ materially from those described or suggested by these forward-looking statements. These risks and uncertainties include those that are indicated and detailed in Chapter 3 “Risk factors” of the Universal Registration Document filed with the French Financial Markets Authority (Autorité des marchés financiers, AMF) on April 5, 2024. These forward-looking statements are given only as of the date of this press release and the Group expressly declines any obligation or commitment to publish updates or corrections of the forward-looking statements included in this press release in order to reflect any change affecting the forecasts or events, conditions or circumstances on which these forward-looking statements are based.

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(Reuters) -New York Community Bancorp will rename itself as Flagstar Financial, the U.S. regional lender said on Tuesday, amid efforts to turn around its struggling business.

The bank came under pressure after it reported in January increased stress in its commercial real estate portfolio that also rekindled concerns over the health of the sector recovering from the failures of a slew of regional banks in 2023.

Under Joseph Otting, a former comptroller of the currency who was named CEO in March, NYCB has laid out a plan to return to profitability and vowed to shrink its balance sheet by reducing non-core assets.

The name change marks “another milestone in our ongoing transformation”, Otting said in a statement on Tuesday.

NYCB will also change its stock symbol to “FLG.” The name change will become effective on Oct. 25.

Flagstar Bank is a subsidiary of New York Community Bancorp. The lender announced its $2.6 billion acquisition of Flagstar in 2021.

(Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Sriraj Kalluvila and Alan Barona)