Private Credit Investors Target $1.2 Billion in Consumer Credit Card Debt
Bilt, a fintech company, has arranged a deal to transfer approximately $1.2 billion in credit card balances to private credit investors after losing its lender, Wells Fargo. This move highlights the growing role of private credit in financing consumer debt as traditional banks withdraw.
Tickers: $WFC
Topics: Bilt credit card fintech private credit Wells Fargo