consumer credit

LendingClub President: FICO’s New Model Won’t Save A Credit Scoring ‘Dinosaur’
LendingClub President: FICO’s New Model Won’t Save A Credit Scoring ‘Dinosaur’
January 24, 2020  |  Consumer Finance

In lending, in determining whether credit is likely to be repaid by a borrower, the devil is in the details. What if the details are...

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Verizon Partners With Synchrony On Credit Card Offering
Verizon Partners With Synchrony On Credit Card Offering
January 24, 2020  |  Consumer Finance

Verizon is partnering with financial firm Synchrony to put out its own consumer card in the first half of this year, they said on Thursday...

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Goldman Extends $10B In Apple Card Credit In First Month
Goldman Extends $10B In Apple Card Credit In First Month
November 03, 2019  |  Apple

Goldman Sachs said it doled out about $10 billion in credit lines in just over month for the Apple-branded credit card, Bloomberg reported on Friday...

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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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