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Stock impact report

Augie Launches First-of-its-Kind Credit Card Designed to Help Consumers Build Credit and Dramatically Expand Access to the Financial System [Yahoo! Finance]

Meridian Corporation (MRBK) 
Last meridian corporation earnings: 1/27 09:00 am Check Earnings Report
US:NASDAQ Investor Relations: ebsb.com/investor-relations
Company Research Source: Yahoo! Finance
NEW YORK March 4, 2025 /PRNewswire/ -- For the more than 50 million Americans seeking to establish credit, there's a frustrating paradox: without established credit, it is almost impossible to get access to credit products; and without access to credit products, one cannot establish a credit track record. Alternatively, those without credit history must set aside hundreds of dollars in security deposits to get a credit card – money that could be used for other essential needs. Today, Augie is introducing a fundamentally different approach, enabling consumers to build credit on their own terms without setting aside large security deposits for extended periods, paying card fees, or incurring interest charges. "The credit card industry hasn't meaningfully evolved since its inception, even though how people manage money today is completely different," said Amit Thakur , CEO at Augie. "Even secured credit cards that claim no security deposit necessary can't actually be used without one. Show less Read more
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