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PayPal to sell $6 billion in consumer loans to Synchrony Financial

PayPal to sell $6 billion in consumer loans to Synchrony Financial

 PayPal announced today it has agreed to sell $5.8 billion in consumer credit receivables to Synchrony Financial, in an expanded relationship between the companies. The deal also includes Synchrony’s acquisition of $1 billion in participation interests in PayPal receivables held by certain investors and a chartered financial institution, the company said. Following the news, shares of… Read More


Source: TechCrunch

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