Fitch downgrades seven consumer lenders, including Amex, Capital One


Ally, Synchrony, Discover, Sallie Mae and Navient are the other lenders the ratings firm downgraded, citing the impact that the coronavirus crisis is having on their revenues and profits.


Credit cards start cutting limits for people facing tough times


Discover is the latest card lender to say it's reining in credit lines as the coronavirus pandemic leaves millions of Americans jobless and struggling to keep up on loans.


Synchrony's 1Q profits hit by drop in consumer spending


The lender behind the credit cards for Gap, J.C. Penney and other retailers took a large provision for loan losses and abandoned full-year earnings guidance as the nationwide shutdowns tied to the coronavirus pandemic have led to a sharp decline in spending on its cards.


Synchrony looks beyond the store-branded card for growth


The credit card lender responded to the closing of Toys R Us stores last year by issuing Synchrony-branded cards to the retailer's customers. Now it's testing a general-purpose card with a wider array of clients.


PayPal’s Synchrony pact gives rise to a Venmo credit card


Venmo’s P2P social payment app has become a major part of PayPal’s retail strategy, a play that’s getting a boost from a Synchrony co-branded credit card.


Capital One set to launch Walmart credit cards next week


The launch of the products comes more than a year after Capital One wrested the Walmart partnership from Synchrony Financial.


Credit performance stabilizes at Synchrony


After rising between 2016 and 2018, the card issuer's charge-off rates are now steady. The trend reflects both the impact of tighter underwriting standards and the continued resilience of U.S. consumers.


Beyond 'Truist': A brief history of unusual bank brands


"Truist" was roundly mocked when it was unveiled as the name of the merging BB&T and SunTrust, but it’s hardly the first bank moniker to elicit a "huh?" from critics.


How Amazon and Synchrony are reinventing secured credit cards


Targeting consumers with poor or thin credit, Amazon is offering a secured card with rewards on par with those offered to mainstream cardholders.


BofA’s ROI on AI: 7 million Erica users, and counting


A year after it debuted, Bank of America's virtual assistant now counts some 150,000 users per week. It's one of the only large institutions pushing such technology.