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Category: Sub-Prime

Ally Bank Gobbles Up Sub-Prime Specialist

February 19, 2020 Bankcenter Staff 14 Comments

Ally Financial has entered into a definitive agreement to acquire CardWorks in a transaction valued at approximately $2.65 billion. Cardworks is…

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Posted in: Acquisitions, BANKING, Credit Cards, Sub-Prime

Sub-Prime Mission Lane Ready for Prime-Time

September 17, 2019 Bankcenter Staff

Mission Lane, a purpose-driven credit card company, has snagged Capital One veteran and ex-Barclays US Consumer Bank chief Shane Holdaway as its…

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Posted in: BANKING, Credit Cards, Sub-Prime

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