consumer credit

Walmart-Synchrony Breakup Pinned To Applicant Underwriting
Walmart-Synchrony Breakup Pinned To Applicant Underwriting
October 24, 2018  |  Payment Methods

Synchrony Financial‘s run as the exclusive credit card issuer for Walmart came to an end in July, with reports that Walmart decided this past summer...

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Barclays Rivals Goldman’s Marcus With Digital Bank
Barclays Rivals Goldman’s Marcus With Digital Bank
October 15, 2018  |  Digital Banking

Barclays is ready to offer U.S. consumers a low-cost, digital-only bank that will directly compete with Goldman Sachs‘s Marcus brand. Barry Rodrigues, CEO of cards and...

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Petal Debuts No-Fee Credit Card For Underserved
Petal Debuts No-Fee Credit Card For Underserved
October 02, 2018  |  Payment Methods

Petal, the startup credit card company, announced on Tuesday (Oct. 2) that its credit card is now available via the company’s website. In a blog...

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US Credit Scores Soar To 704, But Debt Looms
US Credit Scores Soar To 704, But Debt Looms
September 25, 2018  |  Debt

New data shows that as U.S. credit scores hit their highest point since the Great Recession, Americans are also borrowing more than ever. According to...

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Laplanche’s Upgrade Raises $62M To Reinvent Consumer Credit
Laplanche’s Upgrade Raises $62M To Reinvent Consumer Credit
August 23, 2018  |  Loans

When Renaud Laplanche founded LendingClub 12 years ago in 2006, the lending landscape was a very different place. Most consumer and business lending was done...

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$8B In Bad Credit Card Debt Write-Offs Worry US Banks
$8B In Bad Credit Card Debt Write-Offs Worry US Banks
August 21, 2018  |  Consumer Finance

With the rate of delinquent credit card holders slowly rising, some banks are scaling back on opening new accounts. Last year, it was reported that...

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Five At Five: NYC Votes To Impose Ridesharing Cap
Five At Five: NYC Votes To Impose Ridesharing Cap
August 08, 2018  |  News

Welcome to the Five at Five, your late look at the payments and commerce news of the day. Coverage includes New York lawmakers seeking to...

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Key Takeaways From Fed As Consumer Credit Pace Moderates In June
Key Takeaways From Fed As Consumer Credit Pace Moderates In June
August 08, 2018  |  Consumer Finance

The Federal Reserve released numbers this week that showed an annual percentage rate increase of 3.1 percent as measured in June, a moderated pace from...

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Discover Sets Pullback in Personal Loans, Touts Strong Q2 Results
Discover Sets Pullback in Personal Loans, Touts Strong Q2 Results
July 27, 2018  |  Earnings

Discover Financial Services Inc. reported an increase in second quarter earnings as the credit card issuer had strong loan and revenue growth — and also...

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