In an age where consumers are grappling with ways to manage debt, but also finance the purchases they need, point-of-sale financing is gaining ground. To...
Synchrony and Ally Financial have reached a definitive agreement for Synchrony to acquire Ally’s point-of-sale financing business. This acquisition includes $2.2 billion of loan receivables and relationships with...
Friday heralded the official kick off of earnings season, with banks leading the charge. Within the CE 100 Index, gains seen in the work segment...
Ally Financial named its president of dealer financial services, Douglas Timmerman, as its interim CEO. Timmerman will assume the role Feb. 1, following the departure...
The financial services sector has long been a proving ground for emerging technologies. The current era of disruption is no exception to this history. GenAI...
The surge in interest rates has resulted in record-high loan payments for consumers who have borrowed money to purchase new cars. With one in five...
Bread Financial Holdings is reportedly grappling with challenges as it confronts rising credit losses and uncertainty surrounding late fees. The company’s stock price fell 3.9% as...
It is apparently a good time to be an online bank. As The Wall Street Journal reported Saturday (June 3), these banks took in more deposits than...
For U.S. consumers, the juggling act of which bills to pay — and when — is real. To that end, the loan data from bank...