Credit Card Receivables news and trends

PayPal Restructures PayPal Credit, Sells Receivables To Synchrony Financial

November 17, 2017
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PayPal Restructures PayPal Credit, Sells Receivables To Synchrony Financial

November 17, 2017
PayPal announced Thursday (Nov. 16) that it is selling $6.8 billion in receivables to Synchrony Financial. In a press release, PayPal said it’s selling $6.8 billion in receivables, including $5.8 billion in U.S. consumer credit receivables and about $1 billion in participation interests in receivables held with investors and financial institutions. In addition, the two, […]