Card delinquencies and charge-offs offer evidence of the struggles of meeting current obligations. They can also be a harbinger of spending slowdowns in the future....
Discover Financial Services has appointed TD Bank Group veteran Michael G. Rhodes as its new CEO and president. Rhodes will assume those roles on or before March 6,...
In the parlance of these times, and as earnings season commentary has pointed out, time and again: Consumer credit is normalizing. The question remains, however,...
Discover Financial Services has reportedly reached an agreement with the Federal Deposit Insurance Corporation (FDIC) to improve consumer compliance. This development resulted in a 7%...
Bread Financial Holdings is reportedly grappling with challenges as it confronts rising credit losses and uncertainty surrounding late fees. The company’s stock price fell 3.9% as...
Discover Financial Services is reportedly exploring the possibility of selling its student-loan business as part of its ongoing efforts to streamline operations following a series of...
In today’s top payments news around the world, SIBS MB has inked a deal with Discover Financial Services, while China is continuing at a fast...
SIBS MB, headquartered in Lisbon, Portugal, has inked a pact with Discover Financial Services regarding the Illinois-based payments company’s cards. It means that Discover, Diners...
Discover Financial Services posted fourth-quarter results that topped earnings expectations on the heels of loan growth and payments volume. In terms of headline numbers, diluted earnings per...