consumer lending

Report: Goldman Could Hand off GM Card to Barclays
Report: Goldman Could Hand off GM Card to Barclays
April 30, 2024  |  Banking

Goldman Sachs is reportedly closer to exiting its General Motors credit card business. The banking giant is in discussions with Barclays to transfer the issuance...

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Study Finds Only Half of Consumers Satisfied With Embedded Lending Options
Study Finds Only Half of Consumers Satisfied With Embedded Lending Options
April 26, 2024  |  VISA

Lenders in key global markets offer an ever-increasing range of consumer credit products. Still, consumers express dissatisfaction with the current options. Just 50% of consumers...

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Fed’s Beige Book Cites Weak Discretionary Spending
Fed’s Beige Book Cites Weak Discretionary Spending
April 17, 2024  |  Economy

Eight times each year the Fed publishes what’s known as the Beige Book — a qualitative take from each of the 12 federal bank districts....

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Kashable Raises $25.6 Million for Employer-Based Lending Tool
Kashable Raises $25.6 Million for Employer-Based Lending Tool
January 18, 2024  |  Investments

FinTech platform Kashable has raised $25.6 million to expand its employer-based lending program. The Series B funding will help the company develop new financial wellness services and...

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Card Issuer Petal Seeks Buyer Amid Struggle for Capital
Card Issuer Petal Seeks Buyer Amid Struggle for Capital
November 19, 2023  |  Credit Cards

Credit card company Petal is reportedly seeking a buyer amid doubts about its viability. The company, which provides cards for consumers who are new to credit, is...

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Goldman Sachs Plans to Shed GM Card
Goldman Sachs Plans to Shed GM Card
November 08, 2023  |  Credit Cards

Goldman Sachs is reportedly hoping to offload its General Motors (GM) credit card program. The move, as reported Tuesday (Nov. 7) by the Wall Street...

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MoneyLion Revenue Rises Amid Changing Loan Landscape
MoneyLion Revenue Rises Amid Changing Loan Landscape
November 07, 2023  |  Earnings

MoneyLion said it recorded rising revenue this quarter after developing new personal finance tools. The financial app released quarterly earnings Tuesday (Nov. 7) showing revenues of $110...

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Goldman’s GreenSky Sale Shows Building a Consumer Lending Business Is Easier Said Than Done
Goldman’s GreenSky Sale Shows Building a Consumer Lending Business Is Easier Said Than Done
October 16, 2023  |  Banking

There’s the ambition, and then there’s the reality. For Goldman Sachs, the retreat from consumer-focused, Main Street-financial services continues — evidence of just how bumpy...

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Truv Acquires Credegraph to Expand Lending Verification Offerings
Truv Acquires Credegraph to Expand Lending Verification Offerings
May 09, 2023  |  Consumer Finance

Truv has acquired Credegraph to expand its lending verification offerings. The acquisition adds Credegraph’s credit decisioning platform to Truv’s consumer-permissioned data platform, the companies said...

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