Revolving Credit Drops 12% in November as Consumers Trim Balances
November’s stats from the Federal Reserve on consumer credit — known as the G.19 report — show a reversal from recent months, where households kept borrowing, padding balances, and using cards a...
New Payment Processing Module for Treasury4 Platform Unveiled
To keep their organizations competitive, treasury teams need a unified source for payment management to efficiently manage financial operations, reduce costs, and mitigate errors and fraud.
In a press...
Report: Ally Cutting Jobs and Ending Mortgage Originations
Ally Financial is reportedly cutting staff, ending mortgage originations and rethinking its credit card business.
The company will lay off less than 5% of its workforce, Bloomberg News reported Wednes...
