(Reuters) -Consumer lender Ally Financial has agreed to sell its credit card business to credit and payments firm CardWorks, ...

CardWorks agreed to buy the business, including a $2.3 billion credit-card loan portfolio with 1.3 million active cardholders ...

This move aligns with Ally's mission to focus on its core services, including approximately 10 million customers in banking, ...

Single-Family Rents Reach Record High, 20% Above Apartments Rented single-family homes are the housing market's big standout ...

Ally Financial (ALLY) and CardWorks announced they have entered into a definitive agreement for CardWorks, and its wholly-owned bank ...

Ally Financial Inc. (NYSE: ALLY) and CardWorks, Inc. today announced that they have entered into a definitive agreement for ...

Our opinions are our own. CardWorks, and its bank subsidiary, Merrick Bank is acquiring Ally Bank's portfolio of credit cards. But according to CardWorks, there are currently no changes to any of ...

Plans for the sale were hinted at earlier this year, a month after the CEO said the business wasn’t within Ally’s core focus.

Ally Financial Inc. reached a deal to offload its credit-card unit to CardWorks Inc., bowing out of a business it entered ...

Ally Financial Inc. (NYSE: ALLY) and CardWorks, Inc. today announced that they have entered into a definitive agreement for CardWorks, and its wholly-owned bank subsidiary, Merrick Bank, to acquire ...

CardWorks, with its 38-year history in credit and payments, along with Merrick Bank's focus on non-prime and near-prime consumers, positions the acquisition to bolster its presence in the credit ...