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Opportunity’s candidacy for the banking charter meets resistance

by on March 11, 2021 0

Several consumer groups are opposing Opportun Financial’s bid for a national banking charter, citing concerns about the company’s lending and debt collection practices. Many of these issues have come to light a ProPublica survey over the summer, which focused on the high proportion of collection lawsuits the online lender has filed in recent years...

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Sam’s Club and Synchrony Extend Collaboration on Strategic Credit Card Program with Multi-Year Agreement

by on March 11, 2021 0

– The agreement builds on a 25-year collaboration with the credit card program – Extension to improve rewards and increase added value for members and small businesses – Two companies continue to connect digital and physical experiences with innovative payment technologies BENTONVILLE, Ark. And STAMFORD, Connecticut, October 19, 2020 / PRNewswire / – Sam’s...

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Matty Simmons: The Man Who Sold The World On Credit Cards

by on March 11, 2021 0

When Matty Simmons first heard about multipurpose credit cards in 1950, he was not impressed. At the time, Frank McNamara, who came up with the idea, and Ralph Schneider, his business partner, were trying to persuade Simmons to join their new company, Diners Club. The concept of a credit card didn’t seem particularly useful...

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