Credit Receivables news and trends

PayPal Closes On Its Deal With Synchrony

July 03, 2018
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PayPal Closes On Its Deal With Synchrony

July 03, 2018
PayPal announced Tuesday (July 3) the closing of  its deal with Synchrony, in which it acquired $7.6 billion in receivables from PayPal. In a press release, PayPal said the receivables include PayPal’s U.S. consumer credit receivables portfolio, which totaled $6.8 billion at the time of closing, and approximately $0.8 billion in participation interests in receivables […]