discover

Discover opening call center in low-income Chicago neighborhood

03/04/21

The operation will employ 1,000 people in a predominantly Black community. The move is part of the city's push to create job opportunities beyond the downtown area.

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CFPB orders Discover to pay $35 million for student lending mishaps

12/22/20

The consumer bureau said the bank’s migration to a new servicing platform led to unauthorized payment withdrawals, misrepresentations about what borrowers owed and violations of a prior 2015 enforcement action.

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EBay hires Discover’s U.S. cards chief to drive growth

12/02/20

EBay has hired Discover’s top U.S. cards executive, Julie Loger, for the newly created position of global chief growth officer.

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Card companies, surprised by low write-offs, seek new customers

10/23/20

Lenders have spent months puzzled by the persistently low delinquencies on their credit cards. Now, they’re seizing the moment.

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How long will banks have to keep padding loan-loss reserves?

06/11/20

Lenders are cautioning not only that second-quarter provisions might exceed the spike seen earlier this year, but also that credit costs could be elevated into 2021 if the economic slowdown drags on or fears of a second coronavirus wave are borne out.

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