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During its first-quarter earnings call, the Detroit-based company's CEO said it is seeking to "protect the house" by dialing back the pace of car-loan originations and seeking to attract more super-prime borrowers.
The world's largest retailer sued Capital One over their four-year-old credit card partnership, saying the bank failed to meet customer service standards. The McLean, Virginia-based bank disputed the allegations, and analysts said that the firm could compensate by landing new credit card partnerships or cutting back on marketing expenses.
TipRanks analyst ranking service pinpoints Wall Street’s best-performing stocks, including Meta & SoFi
The economic picture for its customers is good, according to Jason Wilks, who leads the Los Angeles fintech. He sees no need for new products or capital raises in the coming year to break even.