consumer credit

Experian Eyes Asian Market With Purchase Of Malaysia Credit Bureau Firm
Experian Eyes Asian Market With Purchase Of Malaysia Credit Bureau Firm
October 24, 2019  |  Partnerships / Acquisitions

Experian announced that it has acquired a controlling interest in RAM Credit Information (RAMCI), a leading credit bureau in Malaysia. The deal will help Experian...

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PayPal, Citi To Offer Consumer Credit Products In Australia
PayPal, Citi To Offer Consumer Credit Products In Australia
October 24, 2019  |  Partnerships / Acquisitions

Citi Australia and PayPal Credit Australia announced they have entered into a long-term strategic partnership to develop consumer credit products for PayPal’s customers in Australia....

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Discover’s Payment Services Drive Network Volumes Up 7 Pct
Discover’s Payment Services Drive Network Volumes Up 7 Pct
October 23, 2019  |  Earnings

Discover Financial Services posted third-quarter results that topped expectations on the heels of loan growth and payments volume. In terms of headline numbers, earnings of...

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Can Academic Data Ace The Credit History Conundrum?
Can Academic Data Ace The Credit History Conundrum?
September 25, 2019  |  Consumer Finance

The Catch-22 is a familiar part of the early life of many consumers looking to get credit for the first time. They can’t secure underwriting...

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Building A Better Payday Lending Product
Building A Better Payday Lending Product
September 04, 2019  |  Alternative Finances

Short-term lending has something of a bad rap in the United States — consumer advocacy groups have long accused them of being predatory debt traps, and...

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India’s Shadow Banks See Foreign Loans Tumble
India’s Shadow Banks See Foreign Loans Tumble
September 04, 2019  |  Banking

India’s shadow banks are struggling as defaults in the country’s credit market have risen. These lenders have signed $1.5 billion of foreign-currency loans so far...

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Goldman CEO Touts Apple Card As Consumer Banking Catalyst
Goldman CEO Touts Apple Card As Consumer Banking Catalyst
August 21, 2019  |  Apple

The launch of the Apple Card is allowing Goldman Sachs to become a leader in consumer banking, according to the bank’s CEO David Solomon. In...

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 LendingClub CEO On Interest Rates, Credit … And The Bank Charter Quest 
 LendingClub CEO On Interest Rates, Credit … And The Bank Charter Quest 
August 19, 2019  |  Consumer Finance

Interest rates are volatile, fears of a recession are spiking, central banks are cutting rates. In an interview with Karen Webster, LendingClub CEO Scott Sanborn...

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Citibank Sees Credit Card Charge Offs, Delinquency Rates Spike
Citibank Sees Credit Card Charge Offs, Delinquency Rates Spike
August 15, 2019  |  Consumer Finance

Citigroup reported that its July credit-card delinquency rate increased to 2.91 percent in July, up from 2.56 percent in June. The lender’s three-month average is 1.54 percent,...

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