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Private label credit card issuer Alliance Data Systems was in dire straits last year with its heavy exposure to the apparel industry, which saw the largest sales declines of all sales categories in the world. detail during the first phase of the pandemic. But as retail partners Forever 21 and Pier 1 Imports filed for …

Banks are loosening the purse strings for consumer borrowers. Credit cards, auto loans, and other personal loans are all becoming easier to obtain, more than a year after a pandemic that scared lenders and drastically tightened lending standards. The net share of banks that relaxed credit card underwriting standards peaked in about the first quarter, …