CreditCardBusiness

Ally Financial Sells Credit Card Business in Significant $2.3 Billion Transaction

5 months ago

Ally Financial, a prominent name in the automotive finance and online banking industry, has made a strategic move by divesting its credit card business, a decision that amounts to an impressive $2.3 billion loan portfolio sale. This pivotal development marks a significant shift in the company's strategy as they focus on their core automotive lending operations and strengthen their balance sheet.

Ally Financial Mulls Sale of Credit Card Business Amid Strategic Refocus

7 months ago

In a significant development for Ally Financial, sources indicate that the company is actively considering the sale of its credit card division. This move aligns with the financial institution's broader strategy to streamline its operations and potentially reposition itself in a highly competitive market.

Goldman Sachs Faces Significant Fine for Credit Card Business Missteps

8 months ago

In a recent development that has raised eyebrows in the financial industry, Goldman Sachs is expected to incur a hefty fine due to lapses in its credit card operations. Regulatory scrutiny has intensified over the bank's practices, leading to this anticipated penalty that underscores ongoing challenges within the organization’s consumer lending sector.